Financial Times FT.com

InBev may sell Korean arm to secure Anheuser

By Julie MacIntosh in New York and Pan Yuk in London

Published: September 2 2008 22:58 | Last updated: September 2 2008 23:54

InBev is weighing up whether to sell its South Korean brewery and certain brands in Germany, among other assets, as it works to find the best way to cover a bridge loan that will be provided by lenders to finance its $52bn takeover of Anheuser-Busch.

InBev has secured a $45bn debt package to pay for its purchase of Budweiser brewer Anheuser. The package includes a $7bn loan, which InBev plans to repay by selling certain assets. InBev has not yet drawn on that loan, and is largely focused on closing the deal and syndicating out its debt, people with knowledge of the matter say.

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