Pursuits
AB InBev to Sell More SAB Europe Assets Valued at $6 Billion
- Budweiser maker to divest beers in Hungary, Poland and Romania
- Operations being sold were `not key to the deal,' analyst says
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Anheuser-Busch InBev NV plans to sell SABMiller Plc’s Pilsner Urquell and other beer brands in central and eastern Europe, worth a potential $6 billion, as it steps up efforts to win regulatory approval for its $107.5 billion acquisition of the London-based brewer.
AB InBev submitted an updated proposal to the European Commission that included a commitment to sell operations in Hungary, Romania, Czech Republic, Slovakia and Poland, the company said in a statement Friday. It already has agreed to sell the Peroni, Grolsch and Meantime brands to Japan’s Asahi Group Holdings Ltd.