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Anheuser-Busch will take down 'Hold my beer' videos as part of settlement with craft brewer

ST. LOUIS - Anheuser-Busch Cos. Inc. has removed the "Hold my beer and watch this" videos from its Bud Light YouTube page, and the craft brewer that sued over use of the phrase has dropped the legal action. Big Sky Brewing Co. of Missoula, Mont., sued Anheuser-Busch in December, saying it had a trademark for the phrase "Hold my beer and watch this" and had used the slogan since 2004. Big Sky dropped the suit on Wednesday in exchange for Anheuser-Busch removing the videos. There was no financial settlement, Anheuser-Busch spokeswoman Lisa Weser said.

SABMiller beer volumes disappoint, shares fall

By Martinne Geller LONDON (Reuters) - SABMiller <SAB.L>, the world's No. 2 brewer, reported disappointing third-quarter sales, hurt by weaker beer volume, sending its shares down 2 percent in morning trading. The maker of beers including Peroni Nastro Azzurro and Grolsch said on Tuesday that net producer revenue rose 4 percent for the quarter ended December 31, in line with its expectations.

Emerging markets fuel revenue for SABMiller with beverage volumes up 2 per cent

LONDON - SABMiller PLC, one of the world's biggest brewers, says demand in emerging markets fueled sales in the third quarter, which ended Dec. 31. Chief Executive Alan Clark says in a statement Tuesday that growth in Africa, Latin America and China helped overall revenue grow 4 per cent despite weaknesses in the North American and European markets. In terms of volume, revenue grew 2 per cent.

KKR's Korean brewery win fuelled by hot soup and soju sessions

By Joyce Lee and Stephen Aldred SEOUL/HONG KONG (Reuters) - A story Oriental Brewery boss Chang In-soo often tells about his days as a soju salesman is how he and two clients once worked through 29 bottles of the traditional Korean rice liquor at a single sitting. He feels bad, he says, they didn't manage 30.

AB InBev repurchasing South Korea's Oriental Breweries for US$5.8 billion

AMSTERDAM - Belgium's AB InBev, the maker of Budweiser and Labatt beers, says it has agreed to repurchase South Korea's Oriental Breweries from private equity firms for US$5.8 billion. Oriental Breweries — known for the Cass brand, South Korea's biggest seller — was sold in 2009 to KKR and Affinity Equity Partners after the combination of InBev with U.S.-based Anheuser-Busch. In the meantime, AB InBev and Oriental Breweries continued to work together on a commercial level. OB had the South Korean distribution rights for brands such as Budweiser, Corona and Hoegaarden.

Brewer AB InBev grows in Asia with $5.8 billion Korea return

By Stephen Aldred and Philip Blenkinsop HONG KONG/BRUSSELS (Reuters) - Anheuser-Busch InBev SA, the world's biggest brewer, agreed to buy back South Korea's Oriental Brewery Co Ltd (OB) for $5.8 billion including debt, returning to a large Asian market at a time of strong industry growth across the region. The sale by KKR & Co and Affinity Equity Partners will be Asia's biggest ever for private equity, excluding flotations, and rewards them with returns of more than five times their investment.

ABInBev repurchases Oriental Breweries from private equity firms for $5.8 billion

AMSTERDAM - Belgium's AB InBev, the maker of Budweiser, says it has agreed to repurchase South Korea's Oriental Breweries from private equity firms for $5.8 billion. InBev never really wanted to part with the leading South Korean brewer, but decided to sell it in 2009 to KKR and Affinity Equity Partners for $1.8 billion, as part of a strategy to reduce debt during the financial crisis. The deal has proved highly lucrative for the private equity firms.

AB InBev to buy back S Korean brewery for $5.8 bn

The world's biggest brewer AB InBev said on Monday it will acquire South Korea's Oriental Brewery from investment funds KKR and Affinity Equity Partners for $5.8 billion (4.3 billion euros). The deal brings Oriental Brewery, the leader in the South Korean beer market, back into the AB InBev fold after it was sold in 2009 during efforts to reduce the debt incurred in the merger of InBev and US brewer Anheuser-Busch. "We are excited to invest in South Korea and to be working with the Oriental Brewery team again," said AB InBev chief executive Carlos Brito in a statement.

Anheuser-Busch InBev to rebuy OB for $5.8 bln

SEOUL, Jan. 20 (Yonhap) -- Anheuser-Busch InBev, the world's largest beer producer, said Monday that it will repurchase Oriental Brewery (OB) for US$5.8 billion after reaching an understanding with shareholders. The Belgium-Brazilian multinational beverage company said an understanding has been reached with Kohlberg Kravis Roberts (KKR) and Affinity Equity Partners about its taking over OB.

AB InBev to buy back S Korean brewery for $5.8 billion

The world's largest brewer AB InBev on Monday announced a deal to buy South Korea's Oriental Brewery Co Ltd from KKR and Affinity Equity Partners for $5.8 billion (4.3 billion euros). The deal brings Oriental Brewery, the leader in the South Korean beer market, back into the AB InBev fold after it was sold in 2009 during efforts to reduce the debt incurred in the merger of InBev and US brewer Anheuser-Busch. "We are excited to invest in South Korea and to be working with the Oriental Brewery team again," said AB InBev chief executive Carlos Brito in a statement.
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