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AB InBev completes OB purchase

SEOUL, April 1 (Yonhap) -- Anheuser-Busch InBev (AB InBev), the world's largest beer producer, said Tuesday that it has completed the acquisition of Oriental Brewery Co. (OB), South Korea's biggest brewer. Last January, AB InBev said that it will repurchase the local brewer from two global private equity funds Kohlberg Kravis Roberts (KKR) and Affinity Equity Partners for US$5.8 billion.

AP interview: Czech brewer fighting Budweiser trademark battle with AB InBev not for sale

PRAGUE - The brewer Budvar is to remain state-owned as the new Czech government has no plans to change its ownership, the agriculture minister said Thursday. Budejovicky Budvar NP has been fighting with U.S. beer giant Anheuser-Busch for over a century over use of the "Budweiser" brand. The legal battle continued when Anheuser-Busch was taken over by Belgium's InBev in 2008 to create the world's largest brewer.

Budweiser brewer ABInBev says fourth quarter profits rose 45 per cent on growth, cost-cutting

AMSTERDAM - ABInBev SA, the maker of Budweiser and the largest global brewer, has reported a 45 per cent increase in profits for the fourth quarter of 2013 on a mix of acquisitions, growth, and cost-cutting. Net profit was $2.52 billion, up from $1.74 billion in the fourth quarter of 2012. Sales rose 4.6 per cent to $11.7 billion.

AB InBev reports 10% profit rise for 2013

AB InBev, the world's biggest brewer, reported on Wednesday solid fourth-quarter and 2013 results but highlighted a difficult economic environment as sales by volume fell in several key markets. The company said it made a net profit of $2.37 billion in the last three months of 2013, up by a third from the $1.77 billion a year earlier, and easily beating analyst forecasts compiled by Dow Jones Newswires for $1.85 billion. For full-year 2013, net profit rose 10.2 percent to $7.93 billion, with sales increasing 3.3 percent to $43.19 billion.

Anheuser Busch InBev's US arm to buy Blue Point Brewing for undisclosed sum

NEW YORK, N.Y. - Anheuser Busch InBev's U.S. arm is buying craft brewer Blue Point Brewing Co. Financial terms were not disclosed. Blue Point makes more than 40 craft beers, including Toasted Lager, Hoptical Illusion, Blueberry Ale and seasonal brands, among others. Founded in 1998, it's the 34th largest craft brewery in the U.S.

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.

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.
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