Welcome

Apollo to Invest $3 Billion in Anheuser-Busch Container Plants

Dec. 23, 2020, 11:25 PM

Private equity firm Apollo Global Management Inc. said it would acquire a 49.9% stake in Anheuser-Busch InBev SA’s U.S. metal container plants for about $3 billion.

The deal will help the Budweiser brewer pay down debt, which has been a focus for the company since its debt load peaked to $100 billion following the takeover of rival SABMiller in 2016. AB InBev said in October that it would skip one of its dividend payments.

“This transaction, once completed, will allow AB InBev to create additional shareholder value by optimizing its business at an attractive price and generate proceeds to ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.