Interbrew goes for Lion's share

Interbrew doubles its beer production capacity in China by buying a Malaysian tycoon''s China brewing assets.

Belgian beer multinational Interbrew has long prioritised China as a critical beer market and in the past year has expanded rapidly via acquisitions in key provinces see related articles.

Late Friday night it made its boldest acquisition to date, in a move that sees Interbrew almost double its brewing capacity from 12 million hectalitres to 22.6 million hectalitres. The acquisition catapults Interbrew to joint-third in China by volume with Yanjing.

Interbrew is buying the profitable beer assets of Lion Diviersified Holdings, a Malaysian conglomerate 50% owned by William Cheng. The deal will initially be structured as a JV, with the Belgian company paying $131.5 million for 50%. However, after...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222