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Asahi to borrow 1.19t for purchase of AB InBev's Australia unit

Published Mon, May 25, 2020 · 06:41 AM

[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

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