Japan: Asahi to take on EUR7.4 bln in bank loans to finance purchase of AB InBev’s European assets
Japanese beer maker Asahi Group Holdings Ltd said on March 29 it will take on 7.4 billion euros (6.36 billion pounds) in bank loans to finance its acquisition of European assets from Anheuser-Busch InBev SAC NV.
The brewer, known for Japan's best-selling "Super Dry" beer, in December agreed to buy a group of eastern European beer brands, including Pilsner Urquell, from AB InBev for 7.3 billion euros.
In a statement, Asahi said it will take on short-term loans from Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd.
Companies typically borrow on a short-term basis as bridging loans before securing permanent financing through, for instance, syndicated loans or bonds.
An Asahi spokesman said nothing has been decided about permanent financing.
Back
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .
