ABInBev completes Central European operations sale
Published:  02 December, 2009

Anheuser-Busch InBev and CVC Capital Partners have announced the completion of the sale of AB InBev’s Central European operations.

The plan was first communicated on 15 October and the value of the sale is approximately USD 2.2 billion, with additional rights to a future payment estimated to be as much as USD 800 million - contingent on the CVC Funds' return on their initial investment.

Included in the sale are AB InBev’s operations, to be renamed StarBev, in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Romania, Serbia and Slovakia.

As part of the agreement, StarBev will continue to brew Stella Artois, Beck’s, Löwenbräu and Spaten and distribute Hoegaarden and Leffe in the above countries under licence from AB InBev.

AB InBev will also continue to brew Staropramen in Russia and Ukraine and to distribute it in several other countries including the US, Germany and the UK.

Barclays Capital and Lazard acted as financial advisors to AB InBev and Clifford Chance acted as legal advisor. Freshfields acted as legal counsel to CVC.

 




Digital Edition

Drinks International digital edition is available ahead of the printed magazine. Don’t miss out, make sure you subscribe today to access the digital edition and all archived editions of Drinks International as part of your subscription.

Comment

La'Mel Clarke

Service isn’t servitude: the skill of hosting

La’Mel Clarke, front of house at London’s Seed Library, looks at the forgotten art of hosting and why it deserves the same respect as bartending.

Instagram

Facebook