Heineken to sell China operations to CR Beer in $3.1b deal

Heineken to sell China operations to CR Beer in $3.1b deal

Red star logos sit on Heineken beer cans, stacked at the Heineken NV brewery in Zoeterwoude, Netherlands, on Wednesday, May 30, 2018. Photographer: Jasper Juinen/Bloomberg

Heineken NV said on Friday it has agreed to sell its China operations and take a 40 percent stake in a firm controlling the country’s biggest beer maker China Resources Beer Co Ltd in a $3.1 billion deal.

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