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Czech News in English » Business » CVC buys AB InBev

CVC buys AB InBev

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Anheuser-Busch InBev, the world’s biggest brewer, has sold its central European business to private equity firm CVC for USD 3.03bn, as part of a push to reduce the debt it built up when AB and InBev merged last year. CVC will get brands such as Staropramen and brewing operations in nine countries including Hungary, the Czech Republic, Serbia and Romania. The private equity firm will pay an initial USD 2.23bn, and a further USD 800m depending on CVC’s return on investment.

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