NEW YORK: Apollo Global Management Inc said on Wednesday a group of institutional investors led by the private-equity firm would buy a 49.9% stake in Anheuser-Busch InBev’s US-based metal container plants for about US$3bil.
AB InBev has been burdened by debt after its 2016 takeover of nearest rival SABMiller and has made deleveraging a priority, selling its Australian operations and even trying to launch an initial public offering in Hong Kong for its Asia operations.
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