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Asahi to borrow $11 bln for purchase of AB InBev's Australia unit

Published 25/05/2020, 04:23 pm
© Reuters.
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TOKYO, May 25 (Reuters) - Japanese beer maker Asahi Group Holdings 2502.T said on Monday it would borrow 1.185 trillion yen ($11 billion) from Sumitomo Mitsui Banking Corp (SMBC) to pay for its acquisition of Anheuser-Busch InBev 's ABI.BR 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 (CUB), is set to close on June 1.

($1 = 107.7200 yen)

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