Anheuser-Busch, SABMiller JV China Resources Snow Breweries place bids for brewery operations of Chinese beer maker Kingway Brewery Holdings, sources say

Nevin Barich

Nevin Barich

LOS ANGELES , March 2, 2012 () – Sources say that Anheuser-Busch InBev and SABMiller joint venture China Resources Snow Breweries Ltd. have placed bids for the brewery operations of Chinese beer maker Kingway Brewing Holdings Ltd., Dow Jones Newswires reported March 2.

Sources say there will be a six- to eight-week due diligence period. Last January, Kingway said it was inviting bidders as part of a strategic review.

Sources say that the company, which has a market capitalization of US$660 million, plans to sell its brand and most of its brewery facilities. However, it plans to keep two beer factories.

The primary source of this article is Dow Jones Newswires, New York, New York, on March 2, 2012.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.


About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.