Apollo Global Management, Inc. said accounts and entities advised by Apollo and its subsidiaries (collectively “Apollo”) and a group of institutional investors agreed to acquire a 49.9% stake in Anheuser-Busch InBev’s US-based metal container plants for about $3 billion. Proceeds will be used to repay debt, in line with its deleveraging commitments.
After five years, ABI will be able to buy back the minority stake at predetermined financial terms.
AB InBev will retain operational control of its US-based metal container plants and flexibility in its ability to serve its customers and consumers. A long-term supply agreement will provide for AB InBev’s metal container supply needs over the course of the relationship.
For Apollo, the transaction presents a unique opportunity to invest in high-quality assets with long-term, stable cashflows alongside the world’s leading brewer, AB InBev.