KKR to pay $1.8 billion for Oriental Breweries

The private equity fund enters into KoreaÆs largest ever buyout by a financial sponsor.

Kohlberg Kravis Roberts and Company KKR yesterday announced that it is to pay $1.8 billion to acquire Korean beer-maker Oriental Breweries OB from Anheuser-Busch InBev.

For Korea this deal sends a signal that the country is open for leveraged buyout business.

There has been a lot of negative sentiment towards investments in Korea by private equity funds, so there was a great deal of scepticism regarding whether it would be possible to acquire such an iconic asset, says a...

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