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Asahi to borrow $11 billion for purchase of AB InBev's Australia unit

Published 05/25/2020, 02:36 AM
Updated 05/25/2020, 02:40 AM
© Reuters. FILE PHOTO: Condensation collects on a glass of Asahi beer at a bar in Singapore

TOKYO (Reuters) - Japanese beer maker Asahi Group Holdings (T:2502) said on Monday it would borrow 1.185 trillion yen ($11 billion) from Sumitomo Mitsui (NYSE:SMFG) Banking Corp (SMBC) to pay for its acquisition of Anheuser-Busch InBev 's (BR:ABI) Australian subsidiary.

Asahi said in a statement it had signed a contract on Monday for the loan from SMBC. The deal for the AB InBev subsidiary, Carlton & United Breweries (CUB), is set to close on June 1.

© Reuters. FILE PHOTO: Condensation collects on a glass of Asahi beer at a bar in Singapore

Latest comments

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