China Resources

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China: Heineken agrees 40% stake in CRH Beer

August 6, 2018

Alcoholic Drinks, Asia Pacific, Mergers & Acquisitions

Multinational brewer Heineken has announced the signing of a non-binding agreement with China Resources Enterprise (CRE) and China Resources Beer (CR Beer) that will strengthen the Dutch firm’s presence in the Far East. The $3.1 billion agreement will create a long-term strategic partnership in which Heineken will become a 40% minority partner of CRH Beer, the Chinese beer market leader and controller of CR Beer. Under the terms of the …

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China: China Resources considering bid for SABMiller assets – reports

September 15, 2016

Alcoholic Drinks, Asia Pacific

China Resources, the firm behind China Snow, the world’s most consumed beer brand, is considering a bid for SABMiller’s central and eastern European assets, according to a source quoted by Bloomberg. The reported deal would include the brewer of Czech beer Pilsner Urquell and could be valued at around $6 billion, Bloomberg continues. SABMiller owns such brands as Foster’s in Australia, Pilsner Urquell in Czech Republic and Miller Genuine Draft in …

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