AB-InBev gets Bigger

Image: 

The Belgian beer group Anheuser-Busch InBev, world's biggest brewer, has "wholly" acquired Chinese brewer Siping Ginsber, the spokesperson of AB InBev Karen Couck confirmed to Xinhua on Thursday.

According to her, AB InBev has recently acquired in Jilin Province (northeast of China) Siping Ginsber Draft Beer Co., which owns the Ginsber brand.

"Terms of the agreement have not been disclosed", she added in an e-mail to the agency

.

This acquisition case was approved in March by the Chinese Ministry of Commerce and the amount of transaction is approximately 450 million euros (622 million US dollars).

By the acquisition of Ginsber, which represents about 13 percent of market share in China, AB InBev strengthens its position as the third largest brewery group in the Chinese beer market.

China is one of four major markets for AB InBev after the United States, Brazil and Mexico. In 2013, the volume of beer sold through AB InBev rose 8.9 percent in China, Belgian daily Echo reported.

Navigation