Posted inChinaJapanNortheast Asia

Fosun agrees to buy Asahi’s stake in Tsingtao Brewery

Fosun International Limited, a Chinese international conglomerate and investment company, is securing a 17.99 percent stake in the Tsingtao Brewery from Japan’s Asahi Group Holdings in a deal reportedly worth HK$6.6 billion (US$840 million), Yicai.com reported. Asahi has agreed to sell most of its stake, about 243 million shares, at a price of HK$27.22 dollars […]