Anheuser-Busch InBev buys back its former subsidiary

Anheuser-Busch InBev agreed to buy back South Korea’s Oriental Brewery for 5.8 billion USD including debt from Kohlberg Kravis Roberts in a deal that will consolidate the Belgian brewer’s position as the world’s largest by sales.

Under KKR’s ownership the past five years, Oriental Brewery’s market share has risen from 40 percent to 60 percent of the local beer market, in spite of heavy regulation, price controls and stiff taxes in South Korea. (portfolio.hu)