Asahi to borrow 1.19t for purchase of AB InBev's Australia unit
Add BT as a preferred source[TOKYO] Japanese beer maker Asahi Group Holdings said on Monday it would borrow 1.19 trillion yen (S$15.69 billion) from Sumitomo Mitsui Banking Corp 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, is set to close on June 1.
REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Knight Frank Singapore CEO Galven Tan resigns after 2.5 years at helm
ABSD deadline extended to up to 7 years for developers of large en bloc sites to encourage reuse of land
15-month wait-out curb lifted for private property owners buying HDB resale flats
Philippines’ income upgrade hides grim reality for most Filipinos
