Anheuser-Buschin shares bid

The world’s biggest brewer Anheuser-Busch, is submitting a formal offer to Harbin Brewery Group shareholders to buy all stock it doesn’t already own in a transaction valued at HK$3.5 billion (€367.3m).

Anheuser-Busch is offering HK$5.58 a share for Harbin Brewery, China’s oldest and fourth-largest brewer.

Anheuser-Busch has 38.17% of the company, or 382.8 million shares, according to the Hong Kong stock exchange.