InBev is looking to free up capital from its non-core businesses in its domestic market.

The Belgium-based brewer has confirmed today (16 May) that it is seeking an "external partner" to take over a share of its pub property portfolio in the country. InBev's subsidiary ImmoBrew owns around 800 bars in Belgium, and the brewer hopes to find a partner to buy into the business.

"ImmoBrew and the external partner would own the bars and InBev Belgium would rent them from the new entity," a spokesperson for InBev Belgium told just-drinks. "We would then sub-let this to the bar tenant."

The Belgian unit is in the project phase of the move, the spokesperson said, and has written to several potential investors. "This side of the business is non-core to InBev," the spokesperson said. "The purpose is for us to generate capital for investment into our core activities. It's worth quite a lot of money, but we don't do a lot with it."

The spokesperson declined to comment on how much the sale could generate, but was at pains to point out that "for the pub tenants, nothing will change".

InBev wants to keep a stake in the pub industry, which will thereby allow it to instruct pubs it owns to stock its products.