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Anheuser-Busch InBev has completed the sale of Busch Entertainment Corporation to private equity firm Blackstone Group for US$2.7bn.

A-B InBev said late yesterday (1 December) that it has closed the sale of the business, which Blackstone has renamed SeaWorld Parks & Entertainment.

Blackstone agreed to pay $2.3bn for the business, with A-B InBev securing the right to claim a further $400m depending on the private equity group's success.

"Busch Entertainment Corporation is a high performing asset with a world-class management team, but not a core business for Anheuser-Busch InBev," said A-B InBev CEO Carlos Brito when announcing the sale agreement in October.

The sale forms part of more than $7bn in asset disposals at A-B InBev over the last 12 months. The brewer embarked on a disposals strategy to pay down debt on InBev's $52bn acquisition of Budweiser brewer Anheuser-Busch in late 2008.

 


Sectors: Beer & cider

Companies: Anheuser-Busch InBev

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