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Beerworkers Archive


Post date: 01/17/2014 - 20:44

South Korea: AB InBev, KKR in advanced talks over $4.5 billion Oriental Brewery deal

Anheuser-Busch InBev SA is in advanced discussions to buy South Korea's Oriental Brewery from private equity owners KKR & Co LP and Affinity Equity Partners for more than $4.5 billion.

The parties are hammering out final terms of a deal with the aim to reach an agreement before the end of January.

Discussions are continuing and could still fall apart, and there is no guarantee that a deal will be struck, the people cautioned, asking not to be named because the matter is not public. If final terms are agreed, a deal could come as early as next week.

Anheuser-Busch InBev SA is in advanced discussions to buy South Korea's Oriental Brewery from private equity owners KKR & Co LP and Affinity Equity Partners for more than $4.5 billion.

The parties are hammering out final terms of a deal with the aim to reach an agreement before the end of January.

Discussions are continuing and could still fall apart, and there is no guarantee that a deal will be struck, the people cautioned, asking not to be named because the matter is not public. If final terms are agreed, a deal could come as early as next week.

KKR and Affinity Equity declined to comment, while AB InBev did not immediately respond to requests for comment. Oriental Brewery could not be immediately reached for comment.

AB InBev, the world's biggest brewer, sold Oriental Brewery to KKR for $1.8 billion in 2009. That sale was part of InBev's efforts to raise money to ease the debt burden from its acquisition of U.S. beer maker Anheuser-Busch a year earlier.

KKR later sold half of the equity stake in Oriental Brewery to Affinity.