InBev offloads remaining stake in Tsingtao

By Daniel Inman | 11 May 2009
Keywords: inbev | tsingtao | chen fashu | beer | food | beverage
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One of China's richest men pays $235 million for Anheuser-Busch InBev's final 7% stake in the Chinese brewery.

Chen Fashu, one of the richest men in China, has entered into an agreement to buy a 7% stake in Tsingtao Brewery from Anheuser-Busch InBev for $235 million. Once the sale goes through, InBev will have completely cashed out of China's largest brewery.

Following InBev's $52 billion acquisition of Anheuser-Busch last year, the newly formed company fell foul of China's new anti-monopoly law. The regulator said the new drinks behemoth would be unable to increase its pre-existing stakes in Tsingtao Brewery and Zhujiang Beer.

Instead InBev started to do the opposite. In ...

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February 2010