Law360, New York (October 07, 2009, 5:53 PM ET) -- Anheuser-Busch InBev has reached a definitive agreement to sell its U.S. theme parks to private equity firm The Blackstone Group for up to $2.7 billion as part of the beer giant's ongoing plan to execute $7 billion in noncore business divestitures.
The world's biggest brewer — which was created by Belgium-based InBev's $52 million acquisition of U.S. competitor Anheuser-Busch — said the sale of Busch Entertainment Corp. would help the company focus on its core business and reduce its leverage.
Blackstone will acquire BEC for a...
AB InBev To Sell Theme Park Biz To Blackstone
To view the full article, take a free trial now.
