China: Asahi to sell stake in Tsingtao Brewery
Asahi, the Japanese drinks giant, has announced that it is selling its 20% stake in Chinese beermaker Tsingtao Brewery in a deal worth about $941 million. The group first announced that it was looking to sell its holding in Tsingtao Brewery in October 2017. An 18% stake is being sold to the Chinese conglomerate Fosun […]
Japan: Asahi mulling sale of stake in Tsingtao Brewery
Japan-based drinks firm Asahi has announced its intention to sell part or all of its 20% stake in Tsingtao Brewery, the second-largest beer maker in China, for around $1.2 billion. The stake was originally acquired by Asahi in 2009 from Belgium-based beermaker AB InBev for around $666 million. Asahi has been shedding a number of […]