Asian giants still in running for beer brands
Japan’s biggest brewer and a Thai rival compete to buy Peroni and Grolsch
Asahi and Thai Beverage, the maker of Chang beer, were notified this week that they had qualified for the next round of bidding in Anheuser-Busch InBev’s €2.5 billion auction of the Peroni, Grolsch and Meantime beer brands. Photograph: Tim Wimborne/Reuters
Japan’s Asahi Breweries and Thai Beverage, the maker of Chang beer, were notified this week that they had qualified for the next round of bidding in the €2.5 billion auction. The brands are being sold to ease regulatory concerns over AB InBev’s £70 billion takeover of rival SABMiller.
Bain Capital, PAI Partners and EQT are among the buyout groups still in the running, according to several people following the process. The private equity bidders may struggle against Asahi and ThaiBev, which potentially have access to cheaper funding.
– (Copyright The Financial Times Limited 2016)