Kirin to Sell Chinese Brewery to ABI

February 15, 2011Kirin to Sell Chinese Brewery to ABIDear Client:Kirin Holdings Company Limited is planning to sell its 25% stake in Dalian Daxue Brewery Co., Ltd., a China-based beer producer, to Anheuser-Busch InBev. The move comes as part of Kirin's efforts to reorganize its Chinese beer operations, but the company will keep holding two other beer production companies in China, Kirin Brewery (Zhuhai) Co. and Hangzhou Qiandaohu Brewery Co., says the WSJ. With annual capacity of 280,000 kiloliters of beer,