The European Commission said Friday that, in its capacity as the competition authority, it cleared the acqusition of some of the Central and Eastern European units of brewing Belgium-based Anheuser-Busch InBev (ABI) group by private equity company CVC Capital Partners. The clearance affects ABIV's Hungarian unit Borsod Brewery which makes the popular Borsodi brand.
When announcing the deal in October, ABI said the deal was worth of $2.23 billion plus additional payments up to $800 million depending on the units' performance.
CVC will rename the operations acquired StarBev.
CVC will take over full control over Inbev's units in Bulgaria, the Czech Republic, Hungary, Romania, Slovakia, and other non-EEA central European countries, the Commission's statement said.
According to earlier ABI information, the deal also affects its operations in Bosnia-Herzegovina, Croatia, Montenegro and Serbia, and CVC also agreed to brew and/or distribute Stella Artois, Beck's, Lowenbrau, Hoegaarden, Spaten and Leffe in the countries under license from ABI. (MTI-ECONEWS)