AB Inbev to buy OB for $4 billion
Anheuser-Busch InBev (AB InBev) will likely buy back Oriental Brewery (OB) this year, a source who is familiar with ongoing negotiations, told The Korea Times Sunday.
By Lee Hyo-sik
Kohlberg Kravis Roberts (KKR) and Affinity Equity Partners (AEP), each hold a 50-percent stake in OB.
The two private equity funds want $4.15 billion but the source said the final price could be around $4 billion.
''KKR and AEP will likely dispose of OB by July this year,’’ he said. ''They are in the final stages of negotiating the price with InBev.’’
In July 2009, AB InBev sold OB to KKR and AEP for $1.8 billion.
Under their contract, AB InBev retained the right to buy back OB within five years by July 2014.
See more at: http://www.koreatimes.co.kr/www/news/biz/2014/01/123_149610.html
