Japan's Asahi Breweries to take 20 pct stake in Tsingtao Brewery

Japan's biggest beer maker Asahi Breweries said Friday it has agreed to purchase a 19.99 percent stake in China's Tsingtao Brewery.

By Nuclear Power Daily Editorial Team · Editorial process

Published January 22, 2009

Japan's biggest beer maker Asahi Breweries said Friday it has agreed to purchase a 19.99 percent stake in China's Tsingtao Brewery.

Asahi said it will pay 666.5 million dollars to take the share in mid-March from Anheuser-Busch InBev SA of Belgium.

By tightening the "strategic partnership" with Tsingtao, Asahi said it hopes to expand in the Chinese market.

The two firms have had a joint venture since 1997 in China to produce both Asahi and Tsingtao products.

Asahi has steadily expanded its overseas operations.

Last month, it announced a plan to buy Schweppes Australia from British confectionery maker Cadbury for 810 million US dollars.

Share This Article With Planet Earth

Written by

Nuclear Power Daily Editorial Team

The Nuclear Power Daily Editorial Team produces content across our two editorial pillars: space industry news and Mind & Meaning. We cover launches, missions, satellites, defense, and the technology of getting humans to space, alongside the psychology of ambition, isolation, and meaning under extremes. Articles reflect our team's collective editorial process, source verification, drafting, technical review, and editing, rather than a single writer's work. Nuclear Power Daily takes editorial responsibility for content under this byline. For more on how we work, see our editorial policy.