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AB InBev, the world-leading brewer, has announced it has agreed to divest Carlton & United Breweries to Japanese beermaker Asahi for an enterprise value of A$16 billion ($11.3 billion).
As part of the transaction, AB InBev said it would grant Asahi the rights to commercialize the portfolio of AB InBev’s global and international brands in Australia.
The majority of the proceeds from the sale will be used to pay down debt, the firm said in a statement. The deal will also allow AB InBev to accelerate its expansion in other markets in the APAC region as well as creating additional shareholder value, it added.
Commenting on the sale, AB InBev CEO Carlos Brito said: “We continue to see great potential for our business in APAC and the region remains a growth engine within our company. With our unparalleled portfolio of brands, strong commercial plans and talented people, we are uniquely positioned to capture opportunities for growth across the APAC region”.
Source: AB InBev
