The Strategist

AB InBev sells part of its packaging assets for $3B


12/25/2020 - 02:58



The world's largest brewery, Anheuser-Busch InBev, has agreed to sell a 49.9% stake in its U.S. metal beer container plants for about $ 3 billion.



JiriMatejicek
JiriMatejicek
The purchaser of these assets is a group of institutional investors led by the private equity firm Apollo Global Management.

As noted in a statement by Apollo in connection with the conclusion of the deal, AB InBev will retain operational control over the factories for the production of beer containers.

The brewing company also has the right to buy back the sold share after a five-year period from the date of the transaction.

AB InBev intends to use the proceeds from the sale of assets to pay off debts that have formed after the purchase of another beer producer, SABMiller.

The transaction is expected to be completed by January 8, 2021.

source: bloomberg.com




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