6 result(s) displayed (1 - 6 of 6):

AB InBev divestiture plan continues (from Corporate Dealmaker)

On March 5, Anheuser-Busch InBev said it would divest about $7 billion worth of assets to deal with short-term debt after the November Euro-U.S. merger of InBev SA and St. Louis-based Anheuser-Busch Cos., which created the world's No. 1 brewer. It's full debt load after the deal was $45 billion.Most...

Posted on July 1, 2009 9:14 AM

AB InBev sells rest of brewer to rich guy (from Corporate Dealmaker)

Chen Fashu, ranked 31 on Forbes' list of the 400 richest Chinese last year, bought a 7% stake in Tsingtao Brewery Co. Ltd. for $235 million. Anheuser-Busch InBev NV sold the last of its stake in China's biggest brewer as it tries to shrink $45 billion of debt incurred from...

Posted on May 8, 2009 9:10 AM

AB InBev: Sorry N.Y., but we'll stick with Belgium (from Corporate Dealmaker)

At the beermaker's annual meeting Tuesday, Anheuser-Busch InBev NV chief executive Carlos Brito gave a nod to the value of tradition. He said New York will not be the company's new headquarters as the brand would lose value if it shifted from Leuven, Belgium, where it has more or less...

Posted on April 28, 2009 4:22 PM

Oriental Brewery auction closer to end (from Corporate Dealmaker)

To reduce some of the $5 billion in debt it took on after a $52 billion acquisition of Anheuser-Busch Cos., InBev SA put Oriental Brewery, the No. 2 South Korean brewer, up for sale. It looks like private equity firm Kohlberg Kravis Roberts & Co. is the preferred bidder,...

Posted on April 27, 2009 8:17 AM

Lotte Group: If we can't buy beer, we'll make it (from Corporate Dealmaker)

South Korean conglomerate Lotte Group quenched its thirst for the increasingly popular South Korean liquor soju, acquiring Doosan Corp.'s liquor business for W503 billion ($383 million) in January. Now it wants Anheuser-Busch InBev NV's South Korean beer unit, Oriental Brewery Co., for about $2 billion to $3 billion. But...

Posted on April 14, 2009 8:27 AM

InBev eyes South Korea sale to help pay for Bud (from Corporate Dealmaker)

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...

Posted on September 2, 2008 4:01 PM