ABI weighs options as bid for breweries comes in low.CVC Capital partners CVC Capital Partners is a European private equity firm. CVC was founded in 1981 as the European private equity arm of Citigroup, but after a buyout in 1993 it is owned by its management. In 1999, CVC established CVC Asia Pacific, which is a joint venture with Citigroup. has lined up financing to buy Anheuser-Busch InBev's central and eastern European assets, but ABI Abi (ā`bī) [short for Abijah], in the Bible, King Hezekiah's mother. (Application Binary Interface) A specification for a specific hardware platform combined with the operating system. is reportedly reexamining its options since the bid was lower than expected. ABI had packaged a group of Eastern European breweries See for an up to date listing of all the breweries detailed on Wikipedia, sorted into regions. Africa
Asia
InBev had reportedly sought around 2.8 billion for the breweries, but reports indicate that the bid was around $2 billion. European bankers said the financing package consisted of around 700 million euros of debt and 700 million euros of equity. If AB Inbev decides to proceed with the sale, it was expected to offer CVC a vendor loan, which would defer de·fer 1 v. de·ferred, de·fer·ring, de·fers v.tr. 1. To put off; postpone. 2. To postpone the induction of (one eligible for the military draft). v.intr. some of the payment. A vendor loan is often used to speed a sale when there may be uncertainty about a business valuation. However, given the lowball offer, there are reports that AB InBev may choose to scupper the sale, and try to sell off the breweries individually. |
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