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China Resources Beer in talks to acquire Heineken's China business - sources

Reuters  |  HONG KONG 

By Julie Zhu and Kane WuHONG KONG (Reuters) - 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. The negotiations come as global beer giants such as Heineken, AB InBev (ABI.BR) and Carlsberg (CARLb.CO) are facing fierce competition from local rivals and each other in emerging markets, which have been touted as the growth engine for the world's biggest brewers. China is the world's largest ...

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First Published: Thu, March 08 2018. 15:28 IST