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Reuters
Reuters
Business

Asahi delays AB Inbev Australia deal to second quarter

FILE PHOTO: The logo of Anheuser-Busch InBev pictured outside the brewer's headquarters in Leuven, Belgium, February 28, 2019. REUTERS/Francois Lenoir/File Photo

Japan's Ltd <2502.T> said on Tuesday it would delay the planned closure of a deal to buy Anheuser-Busch InBev's <ABI.BR> Australian operations to the second quarter because antitrust authorities had yet to Asahi Group Holdings approve the deal.

AB Inbev, the world's largest brewer, agreed last July to sell its Australian subsidiary, Carlton & United Breweries (CUB), to Asahi for $11 billion.

The deal was originally set to close in the first quarter.

FILE PHOTO: The logo of the Asahi Breweries is seen at the Asahi Ibaraki Brewery in Moriya, Ibaraki prefecture, Japan, April 7, 2016. REUTERS/Yuya Shino/File Photo/File Photo

(Reporting by Chang-Ran Kim; Editing by Himani Sarkar)

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