Bulletin
Investor Alert

Market Pulse Archives

March 9, 2018, 6:15 a.m. EST

CR Beer in talks to buy Heineken's China business: report

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    China Resources Beer (Holdings) Co. Ltd. (291)
  • X
    Heineken N.V. (HEIA)

or Cancel Already have a watchlist? Log In

By Carla Mozee

China Resources Beer Co. /zigman2/quotes/201959750/delayed HK:291 +4.64% is in talks about potentially purchasing Heineken NV's /zigman2/quotes/205347870/delayed NL:HEIA +0.32% business in China, a transaction that could be worth more than $1 billion, Reuters reported , citing five people close to the talks. Heineken and other European brewers have been facing fierce competition from local brewers in emerging markets, including China, the world's largest beer market by volume, said the report published Thursday. Details of the potential deal haven't been finalized and a transaction may not go through, the sources said.

/zigman2/quotes/201959750/delayed
HK : Hong Kong
HK$ 45.10
+2.00 +4.64%
Volume: 7.05M
Nov. 15, 2019 4:08p
P/E Ratio
94.02
Dividend Yield
0.36%
Market Cap
HK$139.82 billion
Rev. per Employee
HK$725,865
loading...
/zigman2/quotes/205347870/delayed
NL : Netherlands: Euronext Amsterdam
92.90
+0.30 +0.32%
Volume: 344,274
Nov. 15, 2019 5:35p
P/E Ratio
28.09
Dividend Yield
1.78%
Market Cap
€52.68 billion
Rev. per Employee
N/A
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.