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A-B InBev Plans To Sell Eastern European breweries

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Anheuser-Busch InBev on Thursday announced plans to sell its breweries in nine Eastern European countries to CVC Capital Partners, a leveraged buyout firm based in London. The deal is estimated at about $3.03 billion.If the deal goes through, CVC will purchase all of A-B InBev’s operations in Bosnia-Herzegovina, Bulgaria, Romania, Serbia, Slovakia, Montenegro, Croatia, Hungary and the Czech Republic.Accordingly, this would make CVC the licensed brewer and distributor of Stella Artois, Beck’s, Loewenbraeu, Hoegaarden, Spaten and Leffe in those countries.However, A-B InBev plans to keep its right to brew and distribute its brand Staropramen in other countries, such as Germany, Russia, the U.S., the U.K. and Ukraine. Also, the company has the right of first offer to reacquire the breweries should CVC decide to sell at some point in the future.The deal is expected to close by January and is just the latest of efforts by A-B InBev to sell some of its assets to cut its debt from buying Anheuser-Busch last year in  a $52 billion deal.Just last week, A-B InBev announced its plans to sell its theme parks to The Blackstone Group in a $2.7 billion deal.

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Thursday, August 17, 1:56 am

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