Heineken sets sights on China with $3.1bn deal

Heineken has struck a deal to buy a 40pc stake in China’s biggest brewer as it seeks to fast-track its growth in the region. Heineken is paying $3.1bn (£2.4bn) for the stake in CR Beer. China has the largest beer market in the world, but Heineken currently only has a 0.5pc market share in the country.