September 10/China Knowledge Newswire -- InBev NV agreed to take over Anheuser-Busch Companies Inc's 27% stake in China's second-largest beer brewer Tsingtao Brewery Co. Ltd., once its planned takeover of the U.S. brewer is completed, sources reported.

The Belgian brewer has inked an agreement with Anheuser-Busch, Tsingtao Brewery and Tsingtao Brewery's largest shareholder Tsingtao Brewery Group Co. on this matter, according to the Chinese beer brewer's latest statement.

InBev will have the largest market share in the Chinese beer market if the takeover of Anheuser-Busch is secured.

Anheuser-Busch entered into a strategic investment agreement with Tsingtao Brewery in October 2002.

From the September 15, 2008, Prepared Foods e-Flash