Tsingtao Brewery Brewing Purchase of Baotuquan Beer

Source: Beverage World

Qingdao, China—Upon its statement made on July 29, Tsingtao Brewery Co. Ltd., the biggest beer maker in China, said that it would purchase a 100 percent stake in Baotuquan Beer from Tsingtao Group for CNY 9 million.

Tsingtao Group holds a 31.41 percent stake in Tsingtao Brewery now. After completing this deal, Baotuquan Beer will be wholly controlled by Tsingtao Brewery.

Tsingtao Group purchased Baotuquan Beer for CNY 250 million from Shandong Commercial Group on June 6, 2009.

Headquartered in the city of Qingdao, Shandong Province, Tsingtao Brewery's is mainly focusing on producing and distributing beer products. It has 53 breweries and one malting plant in 18 provinces, cities and regions all over China. The company operates under the brand name Tsingtao Beer. Its products have been distributed to more than 60 countries.

Full article: http://www.beverageworld.com/content/view/36557/173/