China Resources Beer to buy over 55% stake in Guizhou Jinsha Winery for $1.6bn
China Resources Beer (Holdings) Company has agreed to acquire a stake of 55.19% in Guizhou Jinsha Jiaojiu Winery Industry Co., for a total consideration of $1.68 billion. The transaction is expected to allow China Resources Beer to expand its baijiu business in the country. Based in Guizhou, China, Guizhou Jinsha Winery has acquired a high-quality […]