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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.

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