Private equity group Kohl Kravis Roberts & Co has declined to comment on a report that it is looking to sell minority stakes in Oriental Brewery, which it agreed to buy from Anheuser-Busch InBev last month.

Kohl Kravis Roberts (KKR) is in advanced talks to sell a minority stake in the South Korean brewer to Affinity Equity Partners, according to a Financial Times article today (4 June), citing people familiar with the situation.

When contacted by just-drinks, KKR declined to comment on the report.

The group agreed to buy Oriental, which is South Korea's second largest brewer behind Hite Brewery, for US$1.8bn from Anheuser-Busch InBev last month.

Earlier this week, KKR reported net losses for 2008 of US$1.9bn, compared to profits of $838m in 2007.

Commenting on the Oriental deal, the firm said that it was the only bidder to gain guarantees from banks on debt financing.

As part of the agreement, A-B InBev will have the option of buying the brewery back in five years.