InBev buys Fujian Sedrin brewery
In January 2006 InBev announced that it has reached agreement with various parties to acquire, in a series of transactions, 100 percent of the equity interests in Fujian Sedrin Brewery Co. Ltd. (“Fujian Sedrin”), the largest brewer in Fujian province, for a total cash consideration of EUR 614 million. In a statement InBev says that “Fujian Sedrin is one of the most profitable Chinese brewers and in recent years has achieved an EBITDA margin in excess of 30 percent. The Sedrin® brand will be one of InBev’s top five selling brands globally by volume with significant potential for growth and expansion.”
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