London/Warsaw — At least six indicative offers have been submitted by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev (AB InBev), sources familiar with the matter said on Tuesday. First-round bids for the brands, which include Pilsner Urquell in the Czech Republic and Tyskie and Lech in Poland, were due on Monday, according to the sources, who declined to be identified as the process is private. Worth more than €5bn, the brands were put up for sale as part of AB InBev’s $100bn-plus takeover of SABMiller that closed last month. Japanese brewer Asahi Holdings and Czech investment firm PPF Group have submitted rival bids, while Hungarian energy group Mol has teamed up with Polish juice maker Maspex Wadowice Group and Polish insurer PZU group to table a joint offer, the sources said. Private equity investors Bain Capital and Europe’s Advent have joined forces, while KKR has made a joint offer with Mid Europa Partners, the sources said. Ano...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.