AB InBev’s $11 bln sale of its Australian unit has been challenged by the country’s watchdog. Its tough stance on beer and cider competition may hurt boss Carlos Brito’s plan to cut debt. His other options are less appetising, says dasha_reuters:
Australia’s competition regulator raised concerns over Anheuser-Busch InBev’s $11 billion sale of its local operations to Japan’s Asahi.
AB InBev agreed to sell the business, which is called Carlton & United Breweries and was acquired from SABMiller in 2016, in July 2019.
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