SABMiller plc (SABMiller) has been informed by Anheuser-Busch InBev SA/NV (AB InBev) that it has entered into an agreement to sell SABMiller’s 49% interest in its Chinese joint venture, China Resources Snow Breweries Limited (CR Snow), to China Resources Beer (Holdings) Co. Ltd. (CRB) for US$1.6 billion. CRB currently owns 51% of the joint venture.
