Kirin to Sell Chinese Brewery to ABI

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, the Chinese brewer operates in Liaoning Province in the northeast, one of the regions with the highest beer consumption in China

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