AB Inbev to sell S.Korean brewery to KKR

May 07 2009 16:27:24

AB Inbev to sell S.Korean brewery to KKR

Agence France-Presse

The Belgium-based group said the sale was part of its plans to sell $7 billion in assets to pay down debts accumulated in InBev's takeover of Anheuser-Busch last November. Anheuser-Busch InBev said it will still have links with the subsidiary by granting KKR exclusive licenses to distribute certain brands in South Korea.

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