Categorized | Beer, News

Hungary Borsodi Brewery Ownership Change now official in CVC -InBev deal

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The European Commission has granted approval for a major beverage industry transaction in which CVC Capital Partners acquired the Central European branches of Belgium-based AB InBev, the world’s leading beer manufacturer. The deal includes the group’s Borsodi brand and brewery in NE Hungary.

US-based private equity firm CVC will pay USD 2.23 billion for InBev units in Central Europe, which includes 11 plants in Bulgaria, the Czech Republic, Croatia, Hungary, Montenegro, Romania, Bosnia and Herzegovina, Slovakia, and Serbia, with the possible addition of a further USD 800 depending on future earnings.

AB InBev will license CVC to brew and distribute brands such as Stella Artois, Beck’s, Löwenbrau, Hoegaarden, Spaten and Leffe.

This is CVC’s first investment in the region. As a senior executive has recently commented, the fund is seeking to develop the unit, to be renamed StarBev, to become a regional leader.

The agreement grants InBev a right of first refusal, should CVC consider divesting the unit in the future.

AB InBev CEO Carlos Brito said his company was seeking to focus more on its key markets, wire service MTI reported.

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Monday, December 18, 6:22 pm

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