S KOREA: Anheuser-Busch InBev completes Oriental Brewery deal
A-B InBev has reacquired South Korea's biggest brewer
Anheuser-Busch InBev has finalised its US$5.3bn repurchase of South Korea's Oriental Brewery (OB).
The Belgium-headquartered group had sold OB to private equity firm Kohlberg Kravis Roberts & Co (KKR) and Affinity Equity in 2009 for $1.8bn. But in January this year, A-B InBev confirmed plans to exercise its buyback option to reacquire the brewer, South Korea's biggest beer producer.
Announcing the completion of the deal today (1 April), A-B InBev CEO Carlos Brito said: “We look forward to re-integrating OB into our global platform, as we endeavour to strengthen our position in the Asia Pacific region and continue growing our brands and providing additional consumer choice in South Korea.”
A-B InBev said it plans to export OB's brands more widely, using its “global platform”.
Meanwhile, the company also announced that OB brand Cass will be the official beer sponsor of the FIFA World Cup for South Korea.
To read an analysis of A-B InBev's repurchase of OB, click here.
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