Asahi Group Holdings Ltd (TYO: 2502) just spent $US11.3 billion to acquire the beer company Carlton & United Breweries.
Carlton & United Breweries has been operating for a number of years. It owns a number of brands including Victoria Bitter, Carlton Draught, Great Northern, Pure Blonde, Carlton Dry, Melbourne Bitter, Crown Lager, Cascade Premium Light and the Yak Ales.
Carlton & United Breweries Sold
AB InBev will receive AUD $16 billion from Asahi and represents an implied multiple of 14.9x 2018’s normalised EBITDA (click here to learn what EBITDA means).
AB InBev will grant the rights to commercialise the portfolio of AB InBev’s global and international brands in Australia. AB InBev will use some of the money to accelerate its expansion into other fast-growing markets in the APAC region and globally. However, most of the money will be used to pay down debt.
Hopefully this won’t mean a change to the taste of many of Australia’s most loved beers.
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Disclaimer: Any information contained in this article is limited to general financial/investment advice only. The information has not taken into account your specific needs, goals or objectives, so please consider consulting a licenced and trusted adviser before acting on the information. Please read The Rask Group’s Financial Services Guide (FSG) for more information. This article is authorised by Owen Raszkiewicz of The Rask Group, which is a corporate authorised representative No. 1264179 of Strawman Pty Ltd (ACN: 610 908 211) (AFSL: 501 223).
At the time of publishing, Jaz does not have a financial interest in any of the companies mentioned.