July 19 (Reuters) - Anheuser Busch InBev SA ABI.BR :
* ANHEUSER-BUSCH INBEV AGREES TO SELL CARLTON & UNITED BREWERIES TO ASAHI GROUP HOLDINGS, LTD
* ALL OF PROCEEDS FROM DIVESTITURE OF AUSTRALIAN BUSINESS WILL BE USED BY COMPANY TO PAY DOWN DEBT
* AB INBEV'S COMMITMENT TO REACH A NET DEBT TO EBITDA TARGET RATIO OF BELOW 4X BY END OF 2020 IS NOT DEPENDENT ON COMPLETION OF THIS TRANSACTION
* CARLTON & UNITED BREWERIES (CUB) SOLD FOR AUD 16.0 BILLION
* SELLING PRICE IS IN ENTERPRISE VALUE
* TRANSACTION REPRESENTS AN IMPLIED MULTIPLE OF 14.9X 2018 NORMALIZED EBITDA
* TRANSACTION IS EXPECTED TO CLOSE BY THE FIRST QUARTER OF 2020.
* AB INBEV WILL GRANT ASAHI GROUP HOLDINGS, LTD. RIGHTS TO COMMERCIALIZE PORTFOLIO OF AB INBEV'S GLOBAL AND INTERNATIONAL BRANDS IN AUSTRALIA