Mol bids for Anheuser-Busch brands, Reuters reports
Hungary’s oil and gas company Mol is one of at least six companies submitting indicative offers by industry players and buyout funds for a group of beer brands being sold by Anheuser-Busch InBev (ABI.BR), Reuters reported yesterday citing unnamed sources familiar with the matter.
The brands, worth more than EUR 5 billion, have been put up for sale as part of AB InBevʼs $100 billion-plus takeover of SABMiller, which closed last month, Reuters recalled.
First-round bids for the brands of the company, including Pilsner Urquell in the Czech Republic and Tyskie and Lech in Poland, were due on Monday, Reuters reported, citing sources wishing to stay anonymous due to the private nature of the deal.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.