AB InBev to Book $1.1 Billion Impairment From Decision to Sell Russian JV Interest
22 April 2022 - 07:59AM
Dow Jones News
By Kyle Morris
Anheuser-Busch InBev SA said Friday that it is in discussions to
sell its Russian joint venture interest to Turkish brewer Anadolu
Efes, and that it will recognize a $1.1 billion impairment
resulting from the transaction.
The world's largest brewer--which houses the Stella Artois and
Budweiser brands among its portfolio--said it will sell the
noncontrolling interest in the AB InBev Efes joint venture and is
in discussions with its partner, Anadolu Efes.
AB InBev also said its request concerning the suspension of the
license for Bud in Russia will be part of any transaction.
Write to Kyle Morris at kyle.morris@dowjones.com
(END) Dow Jones Newswires
April 22, 2022 01:44 ET (05:44 GMT)
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