Asahi Breweries Ltd. (2502.TO) Friday said it has agreed to purchase a 19.99% stake in China's Tsingtao Brewery Co. (0168.HK) for $666.5 million from Anheuser-Busch InBev SA (ABI.BT).

Asahi Breweries plans to close the deal by the end of March.

-By Yuzo Yamaguchi, Dow Jones Newswires, +813 5255 2954; yuzo.yamaguchi@dowjones.com

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