A-B InBev is facing a legal battle with CVC over StarBev

A-B InBev is facing a legal battle with CVC over StarBev

Anheuser-Busch InBev is involved in a legal tussle with CVC Capital Partners over money the brewer claims it is owed from the private equity firm's sale of StarBev, it has emerged.  

In a filing published last week, A-B InBev said it believes that CVC's off-loading of StarBev to Molson Coors for EUR2.65bn (US$3.4bn) last June has “triggered” its right to an extra payment. A-B InBev sold its brewing assets across Eastern Europe to CVC in late 2009, leading to the creation of StarBev. 

The brewer claims the the payment comes under part of a Contingent Value Rights (CVR) agreement. 

Last week's filing also revealed that CVC has taken action against the Budweiser brewer in a UK court claiming the return it got from Molson Coors did not trigger a right to payment. 

A-B InBev said it responded with a counterclaim in December. It now appears the matter is heading back to court. “The amount we are able to recover will depend on discovery and calculation criteria to be explored at trial,” the filing added. 

The brewer said in a statement to just-drinks today (3 April): "AB InBev will defend its rights to make sure it receives what it is entitled to under the calculations to be made under the CVR."

A spokesperson for CVC has yet to respond to a request for comment.