Anheuser-Busch InBev Opts for Asset Sales to Tame Its Debt Monster
Having failed to launch an IPO for its Asian brewing business and needing to reduce its mountain of debt quickly, Anheuser-Busch InBev (NYSE: BUD) announced it was selling its Australian subsidiary, Carlton & United Breweries, to Japan's Asahi Group (NASDAQOTH: ASBRF) for $11.3 billion.
Although asset sales were the less optimal choice for the brewer, it indicates Anheuser-Busch is serious about getting its debt levels under control sooner rather than later.
Image source: Carlton & United Breweries.
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