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Monday, 20 January 2014 10:13

AB Inbev expands reach

In what is a nearly $6-billion deal, Anheuser Busch InBev is reacquiring Oriental Brewery, South Korea's leading brewery. The St. Louis Post Dispatch reports that AB-InBev sold the company in 2009, following its acquisition of St. Louis-based Anheuser Busch.

Oriental Brewery has an exclusive license to distribute AB InBev brands including Budweiser and Corona in South Korea. Beer sales in South Korea grew 2 percent from 2009 to 2012, and premium beers grew 10 percent annually.

The country's beer market is expected to increase by more than 13 percent between 2012 and 2022.

Published in Local News

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