AB InBev Plant Buyback

Benzinga

Anheuser-Busch InBev agreed to repurchase a minority stake in its U.S. metal container plants for about $3 billion to strengthen supply security and cost efficiency, reversing a stake sale made during post-SABMiller debt reduction, according to The Wall Street Journal.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Beer giant Anheuser-Busch InBev agreed to repurchase a minority stake in its U.S.-based

00:07metal container plants for about $3 billion to bolster supply security, according to the Wall

00:12Street Journal. The company said Tuesday it exercised its right to buy back a 49.9% stake

00:18held by institutional investors led by Apollo Global Management. AB InBev will fund the transaction

00:24with cash on hand, and the deal is expected to close in the first quarter.

00:28The metal container operations span seven facilities across six states and are intended to provide

00:34supply security and cost efficiencies. AB InBev sold the stake in late 2020 to help reduce

00:39debt following its 2016 acquisition of SAB Miller. The brewer also cited U.S. manufacturing jobs,

00:46economic growth, and a focus on premium brands. For all things money, visit Benzinga.com.

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