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AB Inbev sells operations in Central Europe
Our Bureau
Date of posting: 20-10-09
      About 15 months after InBev has taken over Anheuser-Busch and formed the world's largest beer brewer Anheuser-Busch InBev (ABI), the beer giant has now announced that it would sell various breweries in Central Europe to CVC Capital Partners, a global private equity firm, for an enterprise value of approximately USD 2,231 million. In addition, another USD 800 million could be paid later depending on CVCs return on its initial investment.

      The deal involves ABI's operations in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Romania, Serbia and Slovakia.

      CVC has also agreed to brew and/or distribute various main beer brands of ABI like Stella Artois, Becks, Lwenbru, Hoegaarden, Spaten and Leffe in the above countries under license from ABI.

      Carlos Brito, Chief Executive Officer of Anheuser-Busch InBev, said: We are pleased to announce this transaction which enables us to exceed our stated commitment to achieve USD 7 billion in divestitures, while better focusing our resources towards our core markets".

      The deals comes one year after InBev has taken over AB for a transaction value of USD 52 billion. ABI has leading market positions in the world's top five markets China, U.S., Russia, Brazil and Germany.

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