Anheuser-Busch InBev has reached an agreement to reacquire South Korea’s Oriental Brewery from KKR and Affinity Equity Partners for $5.8 billion, the largest ever sale of an Asian company by private equity firms.
AB InBev sold the company in July 2009 as part of InBev’s efforts to repay debt after purchasing Anheuser-Busch the year for $52 billion.
The Belgium-headquartered firm is now using the option written into the 2009 agreement to regain the owner of South Korean beer brands Cass, OB Golden Lager and Cafri.
“OB will strengthen our position in the fast-growing Asia Pacific region,” said Carlos Brito, AB In...
¬ Haymarket Media Limited. All rights reserved.
