ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business

Asahi in $7.8bn deal for AB InBev Eastern Europe arm

Biggest acquisition of overseas operations by a Japanese brewer

 (placeholder image)
  © Reuters

TOKYO -- Asahi Group Holdings on Tuesday reached a broad agreement to acquire Anheuser-Busch InBev's operations in five Eastern European countries for about 900 billion yen ($7.81 billion).

This stands to be the biggest acquisition of overseas brewing operations by a Japanese company. Asahi is expected to announce the deal later in the afternoon.

Asahi is set to acquire assets in Czech Republic, Poland, Hungary, Slovakia and Romania hitherto run by SABMiller, which was acquired by AB InBev -- the world's largest brewer. Pilsner Urquell, a well-known Czech brand, is also part of the arrangement.

Western funds and Chinese brewers placed bids, too, but it appears Asahi offered more.

The Japanese company sees Europe as a jumping-off point to make further inroads in the global market. In October, it completed an acquisition of other European SABMiller operations for 300 billion yen.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends June 30th

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media