CVC Sole Bidder for Bulgaria Kamenitza, AB InBev Breweries
Anheuser-Busch InBev, the world's largest brewer, which owns two units in Bulgaria, has received only one bid for its central and eastern European operations from CVC Capital Partners, a London-based private equity group, according to reports.
Kohlberg Kravis Roberts and TPG, the US private equity groups, had expressed interest in the assets, which include 11 breweries in seven countries, including Bulgaria.
But only CVC submitted a bid, worth about EUR 1 B - EUR 1.5 B by this week's deadline, the Financial Times reported.
Bulgaria is one of seven countries in Eastern and Central Europe, where the world's largest brewer Anheuser-Busch InBev (ABI.BR) is considering divesting its operations.
Eleven breweries producing a total of 15 million hectoliters of beer a year in Bulgaria, Romania, Hungary, Croatia, Czech Republic, Serbia and Montenegro, are part of what has been called a "packaged" deal to be sold as a whole.
Kamenitza AD, part of Interbrew, which was renamed to InBev after the merger of Interbrew and AmBev, is the second biggest brewery in Bulgaria.
Its diverse brand portfolio includes international Stella Artois and Becks and local Kamenitza, AstikA, Burgasko , Pleven, Slavena.
AB InBev was created by the merger of Belgium's InBev and the iconic American brewer Anheuser Busch last fall. The combined entity now has a market capitalization of EUR 44.6 B, according to the company's Web site.
A company representative for AB InBEv has declined to comment.
- » Here's Every Lunar Eclipse You Can See for the Next 10 Years
- » Bulgaria's Euro Membership Not Before Mid-2022: EU's Dombrovskis
- » The Independent: Attempt to Turn Bulgarian National Park into Ski Resort Defeated in Court
- » Bulgarian National Bank 2018 Indicators Report
- » Bulgarian Businesses and Trade Unions Request Meeting with PM over High Power Prices on Energy Exchange
- » 0.0% Monthly Inflation For December 2018, Compared to November 2018