Beer Business Daily – beer industry news and numbers

SABMiller Cans Harbin Bid

It appears that Anheuser-Busch will win the Harbin Brewery with its $717 million offer, as SABMiller has decided to withdraw from the race for China's fourth-largest brewery.According to reports out of London, SABMiller decided that a counter-bid would make Harbin too expensive for its taste, and has decided to concede it to A-B. SABMiller, if it sells its 29% stake, is set to make a tidy profit on their stake in the brewery of about $125 million. What will they

You need a subscription to access this article.Login now or subscribe to get daily industry insights!

Channels