.
MergerLinks Header Logo

Announced

China Resources Beer Holdings to acquire a 55% stake in Guizhou Jinsha Jiaojiu Winery Industry for $1.7bn.

Financials

Edit Data
Transaction Value£1,493m
Consideration TypeCash
Capital Owned-
Capital Bid For55%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

China

Majority

Domestic

Private

Acquisition

colourless liquor

liquors

Single Bidder

Distillers and Vintners

Pending

Friendly

Synopsis

Edit

China Resources Beer Holdings, a conglomerate enterprise focusing on retailing, beverage, food processing and distribution, textiles and real estate in Hong Kong and Mainland China, agreed to acquire a 55% stake in Guizhou Jinsha Jiaojiu Winery Industry, a Chinese colourless liquor maker, for $1.7bn. China Resources Wine Holdings agreed to boost capital in Shandong Jingzhi Baijiu, another Chinese colourless liquor manufacturer, China Resources Beer said in August 2021, without disclosing the size of the transaction.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US