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News
InBev looks to sell assets
The City is rife with rumours as to how InBev will finance the debt secured to complete its Anheuser-Busch acquisition. InBev has persuaded lenders to agree to a US$45 billion debt package, including a US$7bn loan, which the brewer plans to repay by disposing of some of its assets.
It is said to be contemplating selling its Korean and German operations, Anheuser’s entertainment division, its packaging operations as well as its 27% in Chinese brewer Tsingtao. The sale of A-B’s entertainment business, which was decided upon last July (see db newsletter 16/07/08), may fetch as much as US$3.5bn, depending on investors’ reaction to the credit crunch.
Fionnuala Synnott 03/09/08