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Brewer ABI agrees to sell operations in Hungary, Central Europe for as much as $3.3bn

Brewing giant Anheuser-Busch InBev (ABI) on Thursday said it signed an agreement to sell its operations in Central Europe, including Hungary, to private equity company CVC Capital Partners for an enterprise value of $2.23 billion and additional payments up to $800 million depending on the units' performance.

CVC will buy ABI's operations in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Montenegro, Romania, Serbia and Slovakia, in addition to Hungary. CVC also agreed to brew and/or distribute Stella Artois, Beck's, Lowenbrau, Hoegaarden, Spaten and Leffe in the countries under license from ABI.

ABI owns the Borsod Brewery in Bocs (NE Hungary) which makes the popular Borsodi brand. (MTI-Econews)