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AB InBev completes Tsingtao sale
30 April, 2009
Anheuser-Busch InBev has completed the sale of its 19.9% minority stake in the Tsingtao Brewery to Asahi Breweries.
Anheuser-Busch InBev has completed the sale of its 19.9% minority stake in the Tsingtao Brewery to Asahi Breweries.
Asahi acquired the shares from Anheuser-Busch InBev for 667 million USD.
The divestiture of this stake in Tsingtao is part of Anheuser-Busch InBev’s ongoing deleveraging programme and allows the company to unlock shareholder value, generating proceeds that will be used to repay debt incurred as a result of the acquisition of Anheuser-Busch.
As a result of the transaction, Asahi is now Tsingtao’s second largest shareholder. Tsingtao Brewery Group remains the largest shareholder in Tsingtao. Anheuser-Busch InBev will retain a minority share in Tsingtao of approximately 7%.
