A worker inspects bottles of Tsingtao beer rolling out from one of the four breweries in the eastern Chinese port city of Qingdao in August 2006. Tsingtao, which dates back to 1903 when Qingdao was still a German treaty port, has expanded aggressively over the past 14 years, growing from four plants in its home province of Shandong in the east to 50 subsidiaries around the country. Photo; AFP

Fosun buys out Asahi’s stake in Tsingtao Brewery as it turns its acquisitions back to its home turf

Fosun will pay HK$6.6 billion to buy out Asahi’s stake in Tsingtao Brewery, becoming the second-largest shareholder in China’s biggest beer producer.

Topic |   Mergers & Acquisitions

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A worker inspects bottles of Tsingtao beer rolling out from one of the four breweries in the eastern Chinese port city of Qingdao in August 2006. Tsingtao, which dates back to 1903 when Qingdao was still a German treaty port, has expanded aggressively over the past 14 years, growing from four plants in its home province of Shandong in the east to 50 subsidiaries around the country. Photo; AFP
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