AB InBev To Sell Theme Park Biz To Blackstone

Law360, New York (October 7, 2009, 5:53 PM EDT) -- 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...
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