An employee of a baijiu distillery performs a tasting in Luzhou, south-western China's Sichuan province on April 22, 2019. Photo: AFP An employee of a baijiu distillery performs a tasting in Luzhou, south-western China's Sichuan province on April 22, 2019. Photo: AFP
An employee of a baijiu distillery performs a tasting in Luzhou, south-western China's Sichuan province on April 22, 2019. Photo: AFP
Business /  Companies

Fosun buys baijiu distillery Tuopai Shede for US$694 million in bargain acquisition ahead of China’s economic rebound

  • Fosun will buy a 70 per cent stake in the liquor and spirits maker Sichuan Tuopai Shede Group for 4.53 billion yuan
  • This is the second such investment in 2020 by the Fosun Group after it bought a 30 per cent stake in another maker of the fiery wine in July

Topic |   Mergers & Acquisitions
Bloomberg
Bloomberg

Updated: 1:59pm, 2 Jan, 2021

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An employee of a baijiu distillery performs a tasting in Luzhou, south-western China's Sichuan province on April 22, 2019. Photo: AFP An employee of a baijiu distillery performs a tasting in Luzhou, south-western China's Sichuan province on April 22, 2019. Photo: AFP
An employee of a baijiu distillery performs a tasting in Luzhou, south-western China's Sichuan province on April 22, 2019. Photo: AFP
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