CEFC China Energy Co, a Chinese leading energy and financial services company, will be the lead investor in a 1.9 billion crown ($78.46 million) deal to buy a 79.4 percent stake in Czech brewer Pivovary Lobkowicz Group, the Czech company said on Saturday [4 September 2015]…Full Article: The Global Times Sept 2015

Key Point

  • The 79.4% purchase was made by a new firm (Lapasan) that was founded specifically for the acquisition. CEFC owns a 70% stake in this new firm.

ChinaAg Comment

  • From 2010 to 2014, Chinese (incl. Hong Kong and Macau) beer imports from the Czech Republic increased from 840,906 liters to 1.2 million liters. However, imports hit a peak in 2013 at 1.3 million liters.

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