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Business deals

Australia cool to Anheuser-Busch InBev $11bn asset sale to Asahi

Regulator delays decision amid worry over competition in cider and beer markets

The Belgium-based brewer hopes to close sale of Carlton & United Breweries to Asahi in the first quarter of 2020 to reduce debt.   © Reuters

Australia's competition regulator raised concerns over an $11 billion deal by Anheuser-Busch InBev to sell its local operations to Japan's Asahi, dealing a blow to the world's largest brewer's efforts to cut debt.

The Belgium-based brewer, weighed down with some $100 billion net debt after its 2016 acquisition of rival SABMiller, has been selling assets and took its Asian business public this year to reduce debt and focus on other fast-growing markets.

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