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Beck’s Sale Called Off

by Jay Brooks on November 28, 2009 · 2 comments

in Breweries, News

becks-white
Reuters is reporting that the impending sale of Beck’s by Anheuser-Busch InBev has been scuttled, by ABIB. According to the weekly German magazine WirtschaftsWoche, the 1.7 billion Euro ($2.54 billion) contract was ready to be sign by purchaser U.S. buyout firm Bain Capital when ABIB walked away from the deal. WirtschaftsWoche is speculating that the earlier “sale of 13 eastern European breweries for 2.2 billion euros in October eased Anheuser-Busch InBev’s debt burden enough for the brewing giant to call off the Beck’s deal.” That’s all that’s known so far, but I’m, sure we’ll learn more on Monday.

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Tagged as: Anheuser-Busch InBev, Business, Germany

{ 2 comments… read them below or add one }

1 motor November 28, 2009 at 9:50 pm

A German friend told me this joke-

Do you know why they brew Becks in Bremen?

So they can ship it out of the country as quickly as possible.

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2 Generik November 30, 2009 at 10:23 am

@Motor – HAHAHA That’s great!

Reply

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