AB Inbev to sell down in Europe

The world's largest brewer Anheuser-Busch InBev is considering divesting its central European operations involving 11 breweries in seven countries. AB InBev sold its South Korean subsidiary Oriental Brewery to private equity firm Kohlberg Kravis Roberts. last month for $1.8 bn, as part of a move to repay debt incurred in the $52bn purchase of Anheuser-Busch. Eleven European breweries producing a total of 15m hectoliters of beer a year are believed to be part of a “packaged” deal to be sold as a whole.