Brewing giant Anheuser-Busch InBev (ABI.BT) Wednesday said it will sell three beverage can manufacturing plants and a metal lid plant to Ball Corporation (BLL) for $577 million in cash.

Ball will continue supplying metal cans to AB InBev under a long-term supply contract as part of the deal, AB InBev said.

The plants - located in Wisconsin, Ohio, Georgia and Florida - represent 40% of the capacity of the Metal Container Corporation, AB InBev's can-making subsidiary, which it acquired with its takeover of Anheuser-Busch last year.

The brewer, based in Leuven, Belgium, said it has no plans to sell the Metal Container Corporation's remaining seven plants.

-By Matthew Dalton, Dow Jones Newswires; +32 2 741 1487; matthew.dalton@dowjones.com