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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.

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.

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.

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.

Exclusive: AB InBev seeks to buy Oriental Brewery for $4.5 billion

By Stephen Aldred, Soyoung Kim and Denny Thomas HONG KONG/NEW YORK (Reuters) - Anheuser-Busch InBev SA is in advanced discussions to buy South Korea's Oriental Brewery from private equity owners KKR & Co LP and Affinity Equity Partners for more than $4.5 billion, according to people familiar with the matter. The parties are hammering out final terms of what would be one of Asia's biggest ever private equity transactions with the aim to reach an agreement before the end of January, the people said.

Exclusive: ABInbev, KKR in advanced talks over $4.5 billion Oriental Brewery deal - sources

By Stephen Aldred, Soyoung Kim and Denny Thomas HONG KONG/NEW YORK (Reuters) - Anheuser-Busch InBev SA <ABI.BR> is in advanced discussions to buy South Korea's Oriental Brewery from private equity owners KKR & Co LP <KKR.N> and Affinity Equity Partners for more than $4.5 billion, according to people familiar with the matter. The parties are hammering out final terms of a deal with the aim to reach an agreement before the end of January, the people said.
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