InBev mulls sale of Korean brewery
Anheuser-Busch InBev has apparently restarted the process of trying to sell a Korean brewery after the process stalled last year, the Financial Times is reporting. The company is trying to whittle away at the debt InBev took on to buy Anheuser-Busch. But as the FT points out, some of the pressure to throw assets overboard may have eased.
From the story:
InBev has restarted the sale process for its South Korean brewery after receiving interest from potential buyers for the business in the wake of its $52bn takeover of Anheuser-Busch.
InBev, the world’s largest brewer, has assigned JPMorgan and Deutsche Bank, its advisers on the Anheuser acquisition, to oversee a sale process for Oriental Brewery, people familiar with the matter said.
The company had decided that the Korean business was no longer considered core to its future strategy, but the divestment would only proceed if InBev received a sufficiently attractive offer, dealmakers said. …
InBev is also looking at the sale of a range of other assets, including the US entertainment and packaging businesses formerly owned by Anheuser.
But the company’s rights offering last month and the pricing of its $5bn bond issue last week will help it pay down debt incurred in the Anheuser deal, which removes some of the pressure to sell assets quickly.
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Jeremiah McWilliams is a native Virginian who came to the Post-Dispatch in early 2007 to cover beer and other consumer products. He previously covered manufacturing for the Virginian-Pilot newspaper in Norfolk, Va. He is a graduate of Washington and Lee University. 
I hope Brito and his bunch of arrogant Brazilians go bankrupt trying to pay off this debt. Maybe his head will be on the chopping block the same way that he put thousands of St Louisians on the block. Boycott Bud, it is the only way to show Brito that we don’t want him here.