• Kyodo

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Asahi Group Holdings Ltd. said Thursday it is looking to sell some or all of its 20 percent stake in Tsingtao Brewery Co., China’s second-largest beer maker, to focus resources on growing its European business.

Asahi, Japan’s largest brewery, acquired the stake in 2009 from Belgium-based Anheuser-Busch InBev SA, becoming the Chinese company’s second-largest shareholder.

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