Anheuser-Busch InBev said it completed its previously announced sale of Carlton & United Breweries (CUB), its Australian subsidiary, to Asahi Group Holdings, Ltd.
The transaction is valued at $11 billion . As part of this transaction, AB InBev granted Asahi Group Holdings, Ltd. rights to commercialize the portfolio of AB InBev’s global and international brands in Australia. Substantially all of the proceeds from the divestiture of the Australian business will be used by ABI to pay down debt.