Skip to main content
  1. News
  2. Business & Finance
  3. Industry

AB Inbev spending $4.5 billion for oriental brewery

See also

Beer is a big business these days with it appearing even in a shaky economy a lot of people want to enjoy a refreshing daily brew or two to relax. Things are going so well for AB Inbev, the firm is nearing a $4.5 billion deal to reacquire an oriental brewery, reported NASDAQ on Jan. 17, 2014. According to sources Anheuser-Busch InBev SA is near a deal to reacquire leading South Korean brewer Oriental Brewery from KKR & Co. and Affinity Equity Partners for about $4.5 billion.

The talks have been progressing with an agreement expected soon. Oriental Brewery's popular brands include Cass, OB Golden Lager and Cafri. In 2009 Belgium's AB InBev sold Oriental Brewery for $1.8 billion to help pay down debt following its $52 billion acquisition of Anheuser-Busch in 2008. The firm retained the right to reacquire Oriental Brewery within five years at financial terms which were predetermined. That right expires July 24.

The New York Times Dealbook has confirmed Anheuser-Busch InBev is said to be near a $4.5 Billion deal for a Korean brewer. This deal for Oriental Brewery, which is a South Korean brewer, would be the second largest alcoholic beverages transaction of the year, following Suntory’s agreement to acquire Beam Inc. this week for $13.6 billion. This would also represent part of AB InBev’s plans to expand internationally. The thirst of a lot of people for some good beer is making a good brew as desirable as high quality oil for investors.

MandelNews.com

Advertisement

News

  • Pro-Russians killed
    Putin issues a warning after 3 armed protestors were shot dead in Ukraine
    Video
    Watch Video
  • Korean ferry capsizes
    Only one of 46 life boats were used in the South Korean ferry sinking
    World News
  • Oscar Pistorius trial
    Oscar Pistorius reads a Valentines Day card from his deceased girlfriend without tears
    Crime News
  • Google patent
    Google applies for patent for what could be the successor to Google Glass
    Tech News
  • 420 in Colorado
    Colorado will celebrate 420 for the first time since marijuana became legal
    Headlines
  • Racist Kansas murderer
    Why isn't the Jewish Community Center shooter being labeled as a terrorist?
    Video
    Watch Video

Related Videos:

  • "Frozen" dresses sell for as high as $899 on eBay
    <div class="video-info" data-id="518184771" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518184771&autoStart=true"></div>
  • Customers enter a Walmart store
    <div class="video-info" data-id="518178572" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=518178572&autoStart=true"></div>
  • St. Luke's consolidates neurology services in Bethlehem
    <div class="video-info" data-id="291034110" data-param-name="playList" data-provider="5min" data-url="http://pshared.5min.com/Scripts/PlayerSeed.js?sid=1304&width=480&height=401&playList=291034110&autoStart=true"></div>

User login

Log in
Sign in with your email and password. Or reset your password.
Write for us
Interested in becoming an Examiner and sharing your experience and passion? We're always looking for quality writers. Find out more about Examiner.com and apply today!