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Reuters
Reuters
Business

Asahi to borrow $11 billion for purchase of AB InBev's Australia unit

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

Japanese beer maker Asahi Group Holdings <2502.T> said on Monday it would borrow 1.185 trillion yen ($11 billion) from Sumitomo Mitsui Banking Corp (SMBC) to pay for its acquisition of Anheuser-Busch InBev's <ABI.BR> Australian subsidiary.

Asahi said in a statement it had signed a contract on Monday for the loan from SMBC. The deal for the AB InBev subsidiary, Carlton & United Breweries (CUB), is set to close on June 1.

(Reporting by Chris Gallagher; Editing by Tom Hogue)

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