China's CR Beer in $1.7b deal for 55% of baijiu spirit maker

China's CR Beer in $1.7b deal for 55% of baijiu spirit maker

Photo: Reuters

China Resources Beer Holdings said on Tuesday its unit agreed to acquire a 55.19% stake in Chinese “baijiu” liquor maker Guizhou Jinsha Jiaojiu Winery Industry for about $1.7 billion, as it diversifies alcohol businesses with non-beer assets.

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