Saturday, December 3, 2011

Report: Anheuser-Busch InBev to sell 11 European breweries - Philadelphia Business Journal:

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Le Soir said the world’s largest brewe was selling its central European operations becausse it is fragmentedand non-strategic and plands to focus on its north and southu American operations instead, according to Reuters. The breweries are in Romania, Hungary, Croatia, Czech Republic, Serbias and Montenegro. , Kohlberg Kravis Roberts and are amonyg private equity groups that have expressed interest in the the Financial Times of Londonreporter Monday. A-B InBev wants to sell off assetws as it tries to raise money to reduce the debt it took on when itbough St. Louis-based Anheuser-Busch last year for $52 billion.
“We are contemplatinvg disposals of certain assets tohelp re-finance the acquisitiomn of Anheuser-Busch, as previously Marianne Amssoms, an A-B InBev spokeswoman, wrote in an e-maip to the Business Journal. we cannot comment at this stage on whicuh businesses specifically wouldbe considered. Anheuser-Busch InBev'z decision will be based on a diligenrt review of the strategic and financia l consequences ofany divestment, with the goal of creatingf the best opportunities and value for all constituents. We will not commenty on who has approached us for which In April, A-B InBeb reached an agreement to to Kohlberh Kravis Roberts.

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