AB InBev sells central European interests to CVC
The world's biggest brewer, Anheuser-Busch InBev, said Thursday it had sold its central European operations to private equity firm CVC for a planned three billion dollars.
The deal, if fully realised at roughly two billion euros, sees Luxembourg-based CVC take over the Budweiser brewer's operations in Bosnia-Hercegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Romania, Serbia and Slovakia.
CVC will pay USD 2.231 billion up front, with another USD 800 million to come depending on sales, taking the total end-value to a potential EUR 2.163 billion.
Anheuser-Busch InBev, whose flagship beer brands also include Budweiser, Stella Artois and Beck's, was created after InBev bought US brewing giant Anheuser-Busch last November for USD 52 billion.
Earlier this month, the company sold a rump of US theme parks including SeaWorld Orlando and Tampa Bay's Busch Gardens for a potential EUR 1.84 billion.
It has been successfully selling off assets considered not to be central to its business model to help pay down USD 45 billion of debt it built up to pay for Anheuser-Busch.
Recent disposals include Chinese, Scottish and South Korean beer interests as well as US container and lid plants.