SABMiller joint venture to buy Chinese breweries for $863 million
date:Feb 06, 2013
(ABI.BR), the world's biggest brewer, in the final round of bidding, sources previously told Reuters. That agreement failed.

The price of the Kingway deal includes a small portion of loans and debt, the companies said.

J.P. Morgan (JPM.N) acted as financial adviser to the buyer.

SABMiller shares were up 0.9 percent at 1530 GMT, outpacing a 0.6 percent gain in the broader London market .FTSE. SABMiller has a 49 percent stake in the CR Snow joint venture.

($1 = 6.2328 yuan)
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