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China Resources to Buy 49% of SABMiller Venture for $1.6 Billion

By Tony Seruga

China Resources Beer (Holdings) Co. agreed to buy the remaining stake in Snow beer, its Chinese brewery joint venture with SABMiller Plc, for $1.6 billion.

The state-backed company will purchase all of SABMiller’s 49 percent stake in China Resources Snow Breweries Co., maker of the world’s best-selling beer, according to a statement with the Hong Kong stock exchange…

China Resources to Buy 49% of SABMiller Venture for $1.6 Billion

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