A-B InBev selling South Korean brewery
By Noah Davis • May 4th, 2009 • Category: Beer Companies
A-B InBev will sell yet another part of its brewery empire. United States private equity firm Kohlberg Kravis Roberts & Co. will purchase South Korean brewer Oriental Brewery Co. for $1.8 billion, according to sources familiar with the matter. In 1998, A-B InBev, which were two separate companies at the time, paid a combined $884 million for OB. One billion in profit isn’t too bad for a solitary decade, huh?
OB, which has 40 percent of South Korea’s beer market, is the country’s second-biggest brewery. Hite Brewery controls the other 60 percent. Apparently, there are no other breweries in South Korea.
