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Beck’s Sale Called Off

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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