Heineken to acquire 40% of China Resources Beer company for US$3.1b

NETHERLANDS – Heineken, a Dutch brewing company, has struck a US$3.1 billion partnership with a company that controls China’s largest brewer, China Resources Beer, for a 40% stake as they seek to tap a growing thirst for premium brands in the world’s biggest beer market. According to the company, the partnership will give it a strong distribution network in China and greater access to one of the world’s fastest-growing premium beer sectors. China Resources Enterprise, which owns CR Beer, will also buy 0.9% of Heineken shares for US$537.5 million. The…

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