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Kirin to sell Dalian brewery's stake

(Agencies)
Updated: 2011-02-15 13:11
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TOKYO - Kirin Holdings will sell its entire 25 percent stake in Dalian Daxue Brewery to Anheuser-Busch InBev for an undisclosed amount as the Japanese beer maker reorganises its production in China, the Reuters reported on Tuesday, citing the company's spokeswoman.

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Kirin, which took the stake in 2004, will continue to own stakes in two other Chinese breweries, the report quoted the spokeswoman as saying.

In addition, according to a japanese newspaper, the deal was valued at tens of millions of dollars, it said.

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