InBev SA, a publicly listed brewer in Belgium, agreed to acquire 100% stake in Fujian Sedrin Brewery Co. for approximately RMB 6.1 billion ($750 million). InBev had outbid Dutch brewer Heineken NV and Anheuser-Busch Co. Inc for the ownership of Fujian Sedrin Brewery.
Based in Putian, Fujian, Fujian Sedrin Brewery is one of the largest beer brewers in China, with a capacity of over 720,000 tons of beer in 2004. The company's brands include Sedrin Ice Beer and Sedrin Pure Draft Beer.