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...

To continue reading, please login or register for free

Click for more on: kkr | food & beverage | inbev | goldman sachs | nomura | hsbc | jpmorgan

Print Edition

FinanceAsia Print Edition

CONFERENCES