Kirin Holdings Co. said Monday that it has agreed to sell its entire 25% stake in China’s Dalian Daxue Brewery Co. to Anheuser-Busch InBev NV.
The move comes as part of Kirin’s efforts to restructure its Chinese beer operations, but the company will keep holding two other beer production companies in China, Kirin Brewery (Zhuhai) Co. and Hangzhou Qiandaohu Brewery Co.
Kirin bought the 25% stake in Dalian Daxue Brewery in 2004 for about 3.87 billion RMB. With annual capacity of 280,000 kiloliters of beer, the Chinese brewer operates in Liaoning Province in the northeast, one of the regions with the highest beer consumption in China.
