InBev agrees to sell OB to KKR for $1.8 billion
Published: 06 May 2009 21:05:17 PSTHONG KONG, May 7 - Anheuser-Busch InBev on Thursday said it agreed to sell South Korean subsidiary Oriental Brewery to Kohlberg Kravis Roberts & Co. for $1.8 billion, allowing the world's largest brewer to repay debt.
In a joint statement, the Belgian beer company and New York private equity firm said AB-InBev would grant KKR exclusive licences to distribute certain brands in South Korea, including Budweiser and Hoegaarden.
AB-InBev said it expects the impact on recurring results to be immaterial and expects a non-recurring capital gain of approximately $500 million.
Go to Page
Page 1 of 1
1
Source:
Reuters
If you believe an article violates your rights or the rights of others, please contact us.
Digg
Reddit
Mixx it
FacebookRelated News
Most Read
- 1BYD Auto to expand into solar energy field
- 2AUTOSHOW-INTERVIEW-UPDATE 1-Changan Ford Mazda
- 3Entrepreneurblues
- 4Beyond The Anti-Virus Arms Race
- 5ANALYSIS-CFTC cautious on position limits, set
- 6Beware of phishing scams if you are using
- 7Help protect yourself from phishing scams and
- 8INTERVIEW-StanChart eyes $800 mln in renewable
- 9China Longyuan Power plans HK$17.5-bln HK IPO
- 10Xi'an to launch industrial zone
