China approves A-B/InBev merger

By Noah Davis • Nov 21st, 2008 • Category: Beer News

You have to love the globalized world. According to the Associated Press, one of the last holdups to InBev’s $52 billion takeover of Anheuser-Busch was the Chinese government.

Apparently, China has a new anti-monopoly law (um guys, you know you’re a Communist country, right?) and officials were worried that the merger would violate the terms. However, the Commerce Ministry ruled A-B InBev wouldn’t reduce competition but the resulting company was banned from “increasing existing stakes in Chinese brewers.” (A-B owns 27 percent of Tsingtao Beer while InBev controls 28.5 percent of Zhujiang Beer.) So there you have it, soon even the Chinese will be drinking massive quantities of Budweiser.



Noah Davis is Web editor at DRAFT
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