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A-B InBev completes Tennent's Lager sale

30 September, 2009

Anheuser-Busch InBev has completed the sale Tennentís Lager to C&C Group for a total enterprise value of £180 million.

As part of the agreement, Anheuser-Busch InBev has appointed C&C as distributor of certain AB InBev brands in Scotland, Northern Ireland and the Republic of Ireland, and C&C has granted Anheuser-Busch InBev the right to use the Tennentís Super and Tennentís Pilsner brands in certain countries.

The sale of these assets unlocks value for Anheuser-Busch InBev shareholders and is part of the companyís ongoing program to de-leverage the company as quickly as possible.