In exchange, CRE will acquire a 0.9% stake in Heineken China for €464m. Your ability to comment is currently suspended due to negative user reports. By Julie Zhu and Kane Wu. CR Beer has signed a purchase agreement with Heineken on November 5. You can change your choices at any time by visiting Your Privacy Controls. The negotiations come as global beer giants Please note that all comments are pending until approved by our moderators. China Resources Beer in talks to acquire Heineken’s China business – sources Heineken, which entered China in 1983, has struggled to set up a strong distribution network and to make a mark with its flagship Heineken lager, which lags far behind AB InBev's Budweiser in the premium market, industry analysts say. China Resources Beer Co Ltd, the largest brewer in the country and the maker of the best-selling Snow Beer brand, has signed an agreement with Dutch premium brewer Heineken NV to further develop the high-end beer market in China. any of each other's Investing.com's posts. Heineken entered China in 1983 but has struggled to set up a strong distribution network and to make a mark with its flagship Heineken lager, which lags far behind AB InBev’s Budweiser in the premium market, analysts say. Investing.com – Alcoholic beverage retailer China Resources Beer Holdings Co Ltd (HK:). --China Resources Beer and Heineken have discussed a share-swap as part of the deal, which is set to include three breweries, Heineken's distribution operation and its brands in China, Reuters says. Heineken will be the exclusive partner for CRE’s international lagers in China. Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. How would you best describe yourself? China Resources Beer in talks to acquire Heineken's China business: Sources HONG KONG (REUTERS) - China Resources Beer (Holdings) is in talks to acquire Heineken's China business in a deal that could be worth more than US$1 billion (S$1.3 billion), as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said. Financial Government Solutions Legal Reuters News Agency Risk Management Solutions Tax & Accounting Blog: Answers On Innovation @ Thomson Reuters Individual Investor Institutional Investor Financial Advisor Active Trader. Discover Thomson Reuters. Le brasseur néerlandais va acquérir une participation de 2,7 milliards d'euros dans China Resources Beer. China Resources Beer’s parent company will acquire Heineken shares worth about 464 million euros ($538 million). China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said. acquired seven of Heineken’s China and Hong Kong businesses via its wholly-owned subsidiary China Resources Snow Breweries in a deal worth more than HK$2.35 billion (US$300 million), according to the company’s statement on Monday. Heineken N.V. will invest a total of €1,948 million (US$248.7 million) with the acquisition of shares of China Resources Beer and will contribute its operating entities in China. China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said. Heineken change de dimension en Chine en s'alliant au numéro un du marché. Heineken N.V. will invest a total of €1,948 million (US$248.7 million) with the acquisition of shares of China Resources Beer and will contribute its operating entities in China. Breaking News. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion. By Reuters 9 March 2018 . China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said. Under the deal, Heineken will inject its operating assets including three breweries in China into CR Beer for HK$2.4 billion (S$418.9 million), while China Resources Enterprise, which owns CR Beer, will acquire 0.9 per cent of Heineken shares for 464 million euros (S$736.2 million). Please wait a minute before you try to comment again. The two brewers have discussed a share-swap as part of the transaction, the source said China Resources Beer Stands Togethe... 16 08 2019 China Resources Beer Announces Inte... 03 04 2019 The Twelfth Central Inspection Team... 20 03 2019 China Resources Beer Announces Annu... Financial Reports. its brand to the Chinese partner on a long-term basis, according to company statements. China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said. BEIJING, Nov. 5 (Xinhua) -- China Resources Beer Co., Ltd. (0291.HK), a large China beer brewer, announced on Monday that it will acquire Heineken's business in China for 2.36 billion HK dollars. China Resources Beer (Holdings) Co Ltd is in talks to acquire Heineken NV’s China business in a deal that could be worth more than $1 billion, as the country's largest brewer seeks new growth from premium brands, five people close to the discussions said. Complete in 2019 regulatory approval is obtained, the transaction is expected to complete 2019. Beer china resources beer acquire heineken s largest brewer has signed a purchase agreement with Heineken on November 5 block USER_NAME. 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