China Resources Beer is in talks to buy Heineken's China business in a deal potentially worth over $1bn. The two companies have been locked in negotiations for months and the price has yet to be finalised.
China Resources Beer is in talks to buy Heineken's China business in a deal potentially worth over $1bn. European brewers like Heineken have been facing increasing competition from local brewers in the emerging markets, such as China, which is now the world's biggest beer market by volume.