Korean beer

AB InBev to reacquire Korea’s Oriental Brewery

The world’s largest brewer is in advanced talks to reacquire South Korea’s Oriental Brewery from private equity firms KKR and Affinity Equity Partners.

Anheuser-Busch InBev is in advanced talks to reacquire Korean beer-maker Oriental Brewery OB from private equity firms KKR and Affinity Equity Partners, a person familiar with the matter said on Monday.

The Belgium-headquartered firm will use its call option to regain the maker of South Korean beer brands Cass, Cafri and OB Golden Lager, people familiar with the matter said. AB InBev has the right of first refusal to reacquire the company at 11 times Ebitda, they added.

An announcement is expected soon, according to another person familiar with the matter.

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