AB Inbev sells US theme parks for EUR 1.84 billion to Blackstone
The world's biggest brewer, Anheuser-Busch InBev, said on Wednesday that it had sold its US theme parks division to the world’s largest private-equity firm, Blackstone.
The deal, if fully realised at EUR 1.84 billion (USD 2.7 billion), sees the fund, which already has stakes in Legoland and co-owns Universal Orlando theme park, take over SeaWorld Orlando and Tampa Bay's Busch Gardens.
AB InBev, whose flagship beer brands include Budweiser, Stella Artois and Beck's, was created after InBev bought US brewing giant Anheuser-Busch last November for USD 52 billion.
It has been trying to sell off assets considered inconsequential 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.