SABMiller, owner of the Miller Brewing Company, is continuing to attempt to expand its business in the Chinese beer market.
SABMiller’s Chinese Resource Breweries business and another Chinese brewer, Beijing Yanjing Brewery, are reportedly bidding for a 40% stake in Tsingtao Anshan Breweries in China, according to media reports.
The two brewers may bid up to $3.4m (£1.8m) for a stake in Tsingtao, the largest brewer and the number one beer brand in China.
SABMiller lost out on a bid to acquire Harbin Brewery Group in China earlier this year. The brewing company was bought by Anheuser-Busch, the world’s second largest brewer, in May this year.
SABMiller’s Chinese Resource Breweries business and another Chinese brewer, Beijing Yanjing Brewery, are reportedly bidding for a 40% stake in Tsingtao Anshan Breweries in China, according to media reports.
The two brewers may bid up to $3.4m (£1.8m) for a stake in Tsingtao, the largest brewer and the number one beer brand in China.
SABMiller lost out on a bid to acquire Harbin Brewery Group in China earlier this year. The brewing company was bought by Anheuser-Busch, the world’s second largest brewer, in May this year.
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