china resources beer

The Dutch brewer is trying to catch up with rivals AB InBev and Carlsberg in China but investors may remember SABMiller how teamed up with the same Chinese beer maker, and struggled. Meanwhile CR Beer has finally sealed a premium beer license.

The proceeds will be used to part-fund the acquisition of the 49% stake of CR Snow that it doesn't already own following the merger of beer giants AB InBev and SABMiller.