Wed, Mar 10 2010

Kamenitza could change owners this week – Dow Jones

Wed, Oct 14 2009 09:24 CET byDnevnik.bg 1057 Views
Bulgarian brewer Kamenitza and other companies in Eastern Europe, owned by Belgian brewer Anheuser-Busch InBev, could be sold to investment fund CVC Capital Partners, Dow Jones reported, quoting sources close to the negotiations.

The two parties are still hammering out the conditions on a commercial loan that will provide CVC with the amount the brewer seeks for its business in Central and Eastern Europe. CVC offered to pay 1.55 billion euro for the package of regional breweries, which is short of the two billon euro price tag set by the Belgian company.

Dow Jones claimed that CVC has secured a 750 million euro bank loan to bankroll the deal. The two companies are in talks for AB InBev to cover the shortfall between its expected price and CVC's offer with a vendor loan.

The brewer was unlikely to receive any interest on the loan, which would be repaid in several installments. The exact size of the loan was not specified, but it is expected to range between 450 million and 500 million euro.

The potential transaction would be AB InBev’s second major asset sale this month after last week it agreed to unload its theme-parks for $2.7 billion to investment fund Blackstone as it seeks repay debt taken on in InBev's $52 billion acquisition of Anheuser-Busch in 2008.

Source: Dnevnik

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Kamenitza for sale - report

Anheuser-Busch InBev was considering the sale of its operations in Central and Eastern Europe, Belgian newspaper Le Soir reported on June 13.

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