News

EUR: A-B InBev closer to CEE breweries sale - report

Most popular

Why spirits should look back to move forwards

Why spirits must rethink its future positioning

The just-drinks Analyst returns

Pernod is buying Malfy for the flavour - comment

Responsible drinking efforts around the world

MORE

Private equity group CVC Capital Partners has emerged as the frontrunner to buy Anheuser-Busch InBev's brewing assets in Central and Eastern Europe, according to reports.

CVC Capital has put together a provisional bid of US$2.1bn to acquire the assets, which are believed to include up to 11 breweries in seven countries, according to a report in Belgian newspaper De Tijd yesterday (28 July) and cited by Reuters.

Previous reports said that A-B InBev had set a deadline of 27 July for bids.

The Belgium-based brewer declined to comment on the matter when contacted by just-drinks today.

Several analysts have told just-drinks that they believe A-B InBev is likely to dispose of assets in Eastern Europe, meeting the group's strategic migration westwards and its desire to pay off debt.

The group said recently that it remains committed to disposals in order to help pay down a $7bn bridge loan taken out by InBev to fund its $52bn acquisition of A-B last year.

One analyst told just-drinks that an assets sale in Eastern Europe, which is thought to include Czech brewer Staropramen, is likely to fetch around $2bn.

It is thought a sale would not include Sun InBev, the group's subsidiary in Russia and Ukraine, although some analysts have not ruled out a sale of this business further down the line.

Last week, A-B InBev announced that it has completed a sale of Oriental Brewery in South Korea to private equity group KKR for $1.8bn. KKR has already agreed to sell a stake in Oriental to Affinity Equity Partners, one source familiar with the deal told just-drinks.


Sectors: Beer & cider

Companies: Anheuser-Busch InBev

Related Content

Could Anheuser-Busch InBev IPO trigger brewing consolidation in South-East Asia? - Analysis

Could Anheuser-Busch InBev IPO trigger brewing consolidation in South-East Asia? - Analysis...

SABMiller in Central & Eastern Europe - What is up for sale? - The Facts

SABMiller in Central & Eastern Europe - What is up for sale? - The Facts...

Anheuser-Busch InBev reveals extent of Africa price ladder overhaul in wake of SABMiller buy

Anheuser-Busch InBev reveals extent of Africa price ladder overhaul in wake of SABMiller buy...

Anheuser-Busch InBev set for brewery, OXXO boost in Mexico - CEO Carlos Brito

Anheuser-Busch InBev set for brewery, OXXO boost in Mexico - CEO Carlos Brito...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?