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AB InBev sells assets to CVC

Anheuser-Busch InBev has agreed to sell its central European operations to buy-out group CVC for up to $3bn. The deal is the latest non-core asset to be sold after last year’s $52bn merger of the US’s Anheuser-Busch and Belgium’s InBev. The two parties have agreed an enterprise value of $2.2bn for the assets, with a further potential $800m payment dependent on CVC’s return on its initial investment.