Bud goes to China

http://money.cnn.com/2004/05/02/news/fortune500/bud_china.reut/index.htm

Bud goes to China

Anheuser-Busch buys 29 percent of Chinese brewer Harbin.
May 2, 2004: 11:20 AM EDT

HONG KONG (Reuters) - U.S. brewing giant Anheuser-Busch Cos Inc said on Sunday it has bought a 29 percent stake in China's fourth-largest beer producer, Harbin Brewery Group Ltd.

Anheuser-Busch already has a stake in the country's top brewer, Tsingtao Brewery, but in a bid to boost its presence in the world's biggest beer market said it has now bought a 29 percent stake in Harbin Brewery, for HK$1.08 billion ($138.5 million) or HK$3.70 per share.

The U.S. firm's next biggest rival SABMiller Plc already has a 29.4 percent stake in Harbin but no one was immediately available to comment on how the two might cooperate as co-shareholders in the Chinese brewer.

"This investment complements our successful Budweiser operations in China and our strategic partnership with Tsingtao," Stephen J. Burrows, chief executive officer and president of Anheuser-Busch International Inc said in a statement.

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.... just what we need, Bud messing with Chinese beer, which is pretty darn good all by itself... as you can tell from the smile on my face at this Beijing restaurant.

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and crashing them while DUI