Tag Archives: China Resources Beer (Holdings) Co. Limited

Heineken, China Resources finalize transactions to form strategic partnership in China

April 30, 2019   Editor   1 Comment

Heineken N.V. announced on Tuesday that it has met all regulatory requirements to enter into a strategic partnership with China Resources Enterprise Limited (CRE) and its holding company China Resources Beer Holdings Co. Ltd (CRH Beer Ltd) in a deal first announced in August 2018.

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Heineken agrees to Cross-Shareholding deal with China Resources

August 04, 2018   Editor   No comments

Heineken N.V has agreed to sell its China business to China Resources Beer Holding Company Limited (CRH Beer Ltd) in exchange for a 40% stake in the company. CRH Beer is the parent company of CR Beer, China’s largest beer company and maker of popular Snow beer in China.

The $3.1bn investment will give Heineken a strong local partner in a market where it has struggled to break into ever since entering the market in 1983.

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China Resources seeks buyout of Heineken’s Chinese business

March 10, 2018   Editor   No comments

China Resources Beer (Holding) Co Ltd (CR), China’s largest brewer is said to be in talks to acquire Heineken NV’s Chinese business as the Dutch brewer looks to exit the market.

According to Reuters which first broke the news on Thursday, the transaction could be worth more than $1 billion. Details of the talks are still ongoing and could yet fall apart.

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AB InBev, SABMiller merger nears completion as China gives its conditional approval

July 29, 2016   Editor   No comments

Anheuser-Busch InBev’s (AB InBev) $103.4bn acquisition of its smaller rival, SABMiller, dubbed the mega-merger, appeared close to becoming a reality on Friday as China’s Ministry of Commerce gave its conditional approval to the deal. China had been the last major regulatory hurdle for the brewer to overcome.

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AB InBev to sell SABMiller’s Snow stake to China Resources

March 03, 2016   Editor   No comments

Anheuser-Busch InBev (AB InBev) has agreed to sell SABMiller’s 49% stake in China Resources (CR Snow) brand to SABMiller’s joint-venture partner, China Resources Beer (Holdings) Co Ltd.

Snow is the world’s No. 1 selling beer by volume. SABMiller held 49% stake in the joint-venture with China Resources Beer (Holdings) Co Ltd, which held the remaining 51%. With the sale, which is valued at $1.6bn, China Resources Beer (Holdings) Co Limited takes full ownership of the Snow beer brand.

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