Anheuser-Busch InBev to Reacquire Oriental Brewery from KKR, Affinity for $5.8B
Anheuser-Busch InBev (NYSE: BUD), KKR (NYSE: KKR) and Affinity Equity Partners today announced that an agreement has been entered into whereby AB InBev will reacquire Oriental Brewery ("OB"), the leading brewer in South Korea, from KKR and Affinity for 5.8 billion USD.
This agreement returns OB to the AB InBev portfolio, after AB InBev sold the company in July 2009, following the combination of InBev and Anheuser-Busch, in support of the company's deleveraging target. AB InBev will reacquire OB earlier than July 2014, as it was originally entitled to under the 2009 transaction.
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