Monday, September 6, 2010

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

http://www.theconservativewoman.org/?p=26
Le Soir said the world’s largest brewe was selling its central European operations because it is fragmentexdand non-strategic and plans to focus on its north and south American operations instead, accordinv to Reuters. The breweries are in Romania, Hungary, Croatia, Czech Republic, Serbia and Montenegro. , Kohlberg Kravis Roberts and are among privatew equity groups that have expressed interest in the the Financial Times of Londonreported A-B InBev wants to sell off asseta as it tries to raisw money to reduce the debt it took on when it bought St. Louis-basesd Anheuser-Busch last year for $52 billion.
“Wse are contemplating disposals of certaih assets tohelp re-finance the acquisitionj of Anheuser-Busch, as previously announced,” Mariannr Amssoms, an A-B InBev spokeswoman, wrote in an e-mai to the Business Journal. “However, we cannot comment at this stagee on which businesses specifically wouldbe considered. Anheuser-Busch InBev's decision will be based on a diligentr review of the strategic and financial consequencees ofany divestment, with the goal of creatingg the best opportunities and value for all constituents. We will not commen t on who has approached us for which In April, A-B InBev reached an agreement to to Kohlberg Kravis Roberts.

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