SABMiller Venture To Swallow Chinese Brewers In $863M Deal

Law360, New York (February 5, 2013, 1:27 PM EST) -- Brewing giant SABMiller PLC is laying claim to a bigger piece of the sought-after Asian beverage market through an $863 million deal announced Tuesday to fold China's Kingway Brewery Holdings Ltd. into an existing joint venture in the region.

SABMiller's China Resources Snow Breweries Ltd., jointly owned with conglomerate China Resources Enterprise Ltd., will add seven breweries that together are able to churn out 145 million liters of beer per year. By peppering in Kingway, CR Snow will ratchet up its production capacity by nearly 10...
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