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A-B InBev to sell Tsingtao stake for USD 235 million
08 May, 2009
Anheuser-Busch InBev plans to sell its remaining minority stake in Tsingtao Brewery.
A-BInBev has announced that it has entered into an agreement with Mr. Chen Fashu, whereby Chen will acquire Anheuser-Busch InBev’s remaining 7% stake in Tsingtao for 235 million USD. Chen is a Chinese national and a private investor.
Under the agreement, A-B InBev will sell 91,641,342 H-shares of Tsingtao to Chen at a price of HKD 19.83 per share.
The parties expect the transaction to close on 27 May 2009.
