Bloomberg Law
Aug. 3, 2018, 4:07 PM

Heineken Takes on AB InBev in China With $3 Billion Deal (2)

Heineken NV is buying a $3.1 billion stake in China’s top brewer in a bid to challenge Anheuser-Busch InBev’s position as the largest foreign beer maker in the world’s biggest market.

The Dutch brewer will gain a 40 percent stake in the parent of China Resources Beer Holdings Co., maker of the country’s best-selling Snow brand. The move gives Heineken a strong local partner in a market that’s embracing imported beers but has proved challenging for overseas players from Asahi Group Holdings Ltd. to Carlsberg A/S.

While foreign companies in industries ranging from cars to clothing are stepping up efforts ...