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SAB pull out of China bid


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Old 06-06-2004, 12:15 AM   #1
seasider
Jonathan Livingston
 
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Join Date: Jan 2004
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SAB pull out of China bid

Anheuser-Busch raised its stake in Harbin Brewery to 36%, obliging it to make a bid for full control worth some HK$5.6 billion ($720m). SAB-Miller, a London-listed South African brewer, which owns 29% of Harbin, had bid HK$4.3 billion for the Chinese beermaker but withdrew its offer after the approach from the American firm.
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