A-B InBev Completes Tsingtao Sale to Asahi

It's a done deal. AB InBev said it has concluded the sale of its 19.9% minority stake in the Tsingtao Brewery to Japanese brewer Asahi Breweries for $667 million. Asahi is now Tsingtao's second largest shareholder. Tsingtao Brewery Group remains the largest shareholder in Tsingtao, and ABI will retain a minority share in Tsingtao of approximately 7%. The sale is the latest in a string of sales to raise money to pay down debt. Now the question remains: what is