Report: Yanjing leapfrogs AB InBev in bid for Kingway Brewery
Beijing Yanjing Brewery Co., China’s fourth-largest domestic beer maker, is nearing an agreement to buy brewery assets from Kingway Brewery Holdings Ltd. (124) for as much as 4.5 billion yuan ($714 million), said people with knowledge of the matter. Yanjing is a frontrunner after beating an offer from Anheuser-Busch InBev NV (ABI)[…]
via Bloomberg.
Breweries: A-B InBev
