Deals
Heineken Is Buying a 40% Stake In China's Top Brewer
- Dutch firm to acquire 40% stake in China’s largest beermaker
- Global, local brewers in fierce competition for China drinkers
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Heineken NV is buying a $3.1 billion stake in China’s top brewer in a bid to challenge Anheuser-Busch InBev’s position as the largest foreign beer maker in the world’s biggest market.
The Dutch brewer will gain a 40 percent stake in the parent of China Resources Beer Holdings Co., maker of the country’s best-selling Snow brand. The move gives Heineken a strong local partner in a market that’s embracing imported beers but has proved challenging for overseas players from Asahi Group Holdings Ltd. to Carlsberg A/S.