20 September 2019

Anheuser-Busch InBev in talks to buy Ginsber, paper says

Belgium beer maker Anheuser-Busch InBev (ABIB) has confirmed it is in talks to acquire Jilin-based Chinese beverage producer Ginsber Draft Beer Co. Ltd., the National Business Daily reported Tuesday, citing a company source. Earlier media reports said the deal may worth 3.8 billion yuan (US$613.94 million), but the source refused to provide further information. If the deal pushes through, ABIB is likely to pose a strong challenge to China Resources Snow Breweries for market share in northeastern China, an analyst was quoted as saying.

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