Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands
Reuters
Published Nov 08, 2016 06:20AM ET
Updated Nov 08, 2016 06:30AM ET
Exclusive: AB InBev gets at least six bids for Pilsner Urquell, other brands
By Pamela Barbaglia and Martinne Geller
LONDON (Reuters) - At least six indicative offers have been submitted by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev (BR:ABI), sources familiar with the matter said on Tuesday.
Japanese brewer Asahi Holdings (T:2502) and financial firm PPF Group have submitted rival bids, while Hungarian energy group Mol (BU:MOLB) has teamed up with Polish juice maker Maspex Wadowice Group and Polish insurer PZU group (WA:PZU) to table a joint offer, the sources said.
U.S. buyout fund Bain Capital has joined forces with European private equity firm Advent, while U.S. buyout fund KKR (N:KKR) has made a joint offer with mid-market focused private equity house Mid Europa Partners, the sources said.
Another consortium includes Swiss investment firm Jacobs Holdings and Canadian pension fund PSP Investments, the sources said.
European private equity firm BC Partners, which initially looked at the business, has walked away from the process, they added.
PPF, MOL and BC Partners declined to comment, while AB InBev, Asahi, Maspex, PZU and the other private equity funds were not immediately available for comment.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.