Asahi to sell its stake in China’s Tsingtao Brewery for $941m

Bottles of Tsingtao Brewery Co. Ltd. beer are arranged for a photo in Beijing, China, on Friday, Aug. 13, 2010. Photographer: Nelson Ching/Bloomberg

Asahi Group Holdings Ltd. agreed to place its stake in Tsingtao Brewery Co. back into Chinese hands, selling its holding to conglomerate Fosun Group and the local brewer for about $941 million.

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