Shares in Budweiser brewer AB
Inbev rose after the world’s biggest
beer maker said it’s selling its selling
Carlton & United Breweries unit in
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Australia to reduce debt.
The Belgium-based brewing giant
said Japanese rival Asahi Group will
pay $16 billion AUD ($11.3 billion)
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for Carlton, the maker of Victoria
Bitter, Foster’s Lager and other
Australian beers.
AB Inbev makes Budweiser, Miller,
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Stella Artois and other popular beer
brands. It acquired Carlton via its purchase
of SABMiller for $107 billion in 2017.
That acquisition and others gave AB
Inbev almost a third of the global beer
market. Since then it’s sought to shed
some brands to slim down its debt load
and appease antitrust regulators.
AB Inbev stock rose 6% Friday to
$94.28