Anheuser-Busch InBev is going to sell the majority of its stake in China’s biggest brewer Tsingtao to Japanese beer giant Asahi for $667 million to help pay off some of the debt it incurred to buy Anheuser Busch last year.
AB InBev will sell 19.9% of Tsingtao and keep 7%.
Paying off debt is always a good idea but Tsingtao is such a profitable, dominant brand in China that I think it is a big mistake to sell it. Maybe it is time to take a good look at Asahi.
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