--China Resources Beer (Holdings) Co. is in talks over a $1 billion deal to acquire Heineken's China unit, Reuters reports citing unnamed sources.

--China Resources Beer and Heineken have discussed a share-swap as part of the deal, which is set to include three breweries, Heineken's distribution operation and its brands in China, Reuters says.

--China Resources Beer is China's largest brewer and the country is the world's largest beer market by volume, Reuters reports.

Full story: http://reut.rs/2oVp2U8

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(END) Dow Jones Newswires

March 08, 2018 05:51 ET (10:51 GMT)

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