Friday, Dec 26, 2014Friday, Dec 26, 2014

Business

 

InBev says has bought Chinese brewer Siping Ginsber

Published on Apr 24, 2014 1:18 AM
 

BRUSSELS (AFP) - AB InBev, the world's biggest brewer, on Wednesday said it has acquired Chinese beer company Siping Ginsber in a deal that could make it the country's number three brewer.

The Belgian-Brazilian giant confirmed it had acquired the Chinese brewery but did not disclose financial terms of the purchase.

Chinese media reports valued the deal at around 450 million euros (S$783 million).

"We hereby confirm that Anheuser-Busch InBev has recently acquired the Siping Ginsber Draft Beer Co," In Bev said.

 
If you are not a subscriber, you can get instant, unlimited access here

Videos