Posted on September 2, 2008 at 4:01 PM
Filed under: Deal International | Divesting and Restructuring | Joint Ventures and Alliances
Tagged: Anheuser-Busch Cos. , InBev SA , M&A , Oriental Brewery , restructuring

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To help finance its $52 billion acquisition of Anheuser-Busch Cos., InBev SA is planning to put its South Korean beer business up for sale.

Oriental Brewery, the second-largest brewery in South Korea, which sells Beck's and Stella Artois, could go for around $2 billion, according to The Guardian. It was originally a joint venture of InBev predecessor Interbrew and the Doosan group.

Deutsche Bank AG and J.P. Morgan Chase & Co. will apparently run the auction. Potential bidders could include Kirin Holdings Co. Ltd. and Asahi Breweries Ltd.

Meanwhile, Anheuser-Busch is broadening its portfolio to include energy drinks and high-end waters. The company has formed a subsidiary called 9th Street Beverages LLC to handle its nonalcoholic beverages, including brands like Borba Skin Balance Water and Monster, according to a Reuters article. - Maria Woehr


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