Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

NEWSLETTERS | PODCASTS | VIDEO | E-EDITIONS
CUSTOMER SERVICE
Prince Edward Island > Business

Asahi to borrow $11 billion for purchase of AB InBev's Australia unit

Reuters | Posted: May 25, 2020, 6:33 a.m. | Updated: May 25, 2020, 5:30 a.m. | 1 Min Read

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Olive Tapenade & Vinho Verde | SaltWire

Watch on YouTube: "Olive Tapenade & Vinho Verde | SaltWire"

TOKYO (Reuters) - Japanese beer maker Asahi Group Holdings <2502.T> said on Monday it would borrow 1.185 trillion yen ($11 billion) from Sumitomo Mitsui Banking Corp (SMBC) to pay for its acquisition of Anheuser-Busch InBev's Australian subsidiary.

Asahi said in a statement it had signed a contract on Monday for the loan from SMBC. The deal for the AB InBev subsidiary, Carlton & United Breweries (CUB), is set to close on June 1.

(Reporting by Chris Gallagher; Editing by Tom Hogue)

Share story:

Read More

ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

More Business Stories

The logo of Australia's biggest investment bank Macquarie Group Ltd adorns a desk in the reception area of their Sydney office headquarters in Australia, October 28, 2016.
1. 
A tourist shelters from the rain under an Union Jack umbrella near the Bank of England in the City of London financial district in London, Britain, February 13, 2024.
2. 
A logo of Saigon Joint Stock Commercial Bank (SCB) is seen in front of an under-construction building in Ho Chi Minh City, Vietnam, November 30, 2023.
3. 
Storm clouds gather over the U.S. Federal Reserve Building before an evening thunderstorm in Washington June 9, 2006.
4. 
A tourist boat travels on the River Seine near the Alma bridge with the Eiffel Tower in the background at night in Paris, France, April 18, 2024.
5. 
Korean Finance Minister Choi Sang-mok speaks during a trilateral meeting with U.S. Treasury Secretary Janet Yellen and Japanese Finance Minister Shunichi Suzuki on the sidelines of the IMF/G20 meetings, at the U.S. Treasury in Washington, U.S., April 17, 2024.
6. 
A worker stands on a container at Tanjung Priok Port in Jakarta, Indonesia, January 11, 2021. Picture taken January 11, 2021.
7. 
American Airlines planes are seen at gates at LaGuardia Airport ahead of the Thanksgiving holiday, in New York City, U.S., November 21, 2023.
8. 
ADVERTISEMENT