By Annette Shailer

Asahi Breweries has upped the stakes, spending $858m to acquire 19.99 per cent of the equity interest in Tsingtao Brewery Company from Anheuser-Busch Inbev SA.

The acquisition will see Asahi become the biggest shareholder in Tsingtao Beer, one of China’s few internationally famous brands.

This comes on the back of a lot of movement in the global beverage industry with Kirin Holdings of Japan acquiring the 54 per cent of shares in Lion Nathan it did not already own for $12.22 per share earlier this month. 

Asahi Breweries also bought Schweppes Australia for $1.19b in March and Belgian company InBev acquiring Anheuser-Busch for $53.5b last July.

The Shout Team

The leading online news service for Australia's beer, wine, spirits and hospitality industries.

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