Apollo-Led Consortium to Acquire 49.9 Percent Interest in Anheuser-Busch InBev’s US-Based Metal Container Plants
December 23 2020 - 5:01PM
Apollo Global Management, Inc. (NYSE: APO ) today announced that
accounts and entities advised by Apollo and its subsidiaries
(collectively “Apollo”) and a group of institutional investors have
entered into a strategic relationship with Anheuser-Busch InBev
SA/NV (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) (“AB
InBev”) to acquire a 49.9% stake in Anheuser-Busch InBev’s US-based
metal container plants for approximately 3 billion USD. This
transaction, once completed, will allow AB InBev to create
additional shareholder value by optimizing its business at an
attractive price and generate proceeds to repay debt, in line with
its deleveraging commitments.
For Apollo, the transaction presents a unique opportunity to
invest in high-quality assets with long-term, stable cashflows
alongside the world’s leading brewer, AB InBev. Apollo is
leveraging its expertise across its integrated investment platform
to help AB InBev optimize its assets and unlock shareholder value
amid a complex market environment.
AB InBev will retain operational control of its US-based metal
container plants and flexibility in its ability to serve its
customers and consumers. A long-term supply agreement will provide
for AB InBev’s metal container supply needs over the course of the
relationship. In addition, AB InBev will have the right, but not
the obligation, to reacquire the minority stake beginning on the
fifth anniversary of the close of the transaction, at
pre-determined financial terms.
“Executing an institutional investment of this nature showcases
Apollo’s unique ability to cut through complexity and use the
strength of our platform to provide world-class companies with
scaled, strategic solutions,” said Robert V. Seminara, Senior
Partner and Head of Europe at Apollo. “We are pleased to invest
alongside AB InBev in its leading US metal container business,
supporting AB InBev’s strategic plans and its employees.”
Jamshid Ehsani, Senior Partner of Apollo said, “Apollo is
uniquely positioned to provide efficient custom capital solutions
to large corporations. Our platform has an unconstrained capacity
and appetite for complex and creative transactions, which, combined
with our size, scale and speed of execution, differentiates us from
other platforms and enables us to execute unique transactions of
size that align with the investment objectives of our insurance and
institutional clients, including Athene.”
About Apollo Apollo is a leading global
alternative investment manager with offices in New York, Los
Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid,
Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and
Tokyo. Apollo had assets under management of approximately $433
billion as of September 30, 2020 in credit, private equity and real
assets funds invested across a core group of nine industries where
Apollo has considerable knowledge and resources. For more
information about Apollo, please visit www.apollo.com.
About Anheuser-Busch InBevAnheuser-Busch InBev
is a publicly traded company (Euronext: ABI) based in Leuven,
Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and
South Africa (JSE: ANH) stock exchanges and with American
Depositary Receipts on the New York Stock Exchange (NYSE: BUD). Our
Dream is to bring people together for a better world. Beer, the
original social network, has been bringing people together for
thousands of years. We are committed to building great brands that
stand the test of time and to brewing the best beers using the
finest natural ingredients. Our diverse portfolio of well over 500
beer brands includes global brands Budweiser®, Corona® and Stella
Artois®; multi-country brands Beck’s®, Hoegaarden®, Leffe® and
Michelob Ultra®; and local champions such as Aguila®, Antarctica®,
Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®,
Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®,
and Skol®. Our brewing heritage dates back more than 600 years,
spanning continents and generations. From our European roots at the
Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of
the Anheuser & Co brewery in St. Louis, US. To the creation of
the Castle Brewery in South Africa during the Johannesburg gold
rush. To Bohemia, the first brewery in Brazil. Geographically
diversified with a balanced exposure to developed and developing
markets, we leverage the collective strengths of approximately
170,000 employees based in nearly 50 countries worldwide. For 2019,
AB InBev’s reported revenue was 52.3 billion USD (excluding JVs and
associates).
Apollo Contact Information:
For investors please contact:Peter MintzbergHead of Investor
RelationsApollo Global Management, Inc.+1 212 822
0528APOInvestorRelations@apollo.com
For media inquiries please contact:Joanna RoseGlobal Head of
Corporate CommunicationsApollo Global Management, Inc.+1 212 822
0491Communications@apollo.com
ANHEUSER-BUSCH INBEV
CONTACTSInvestors Lauren
Abbott +1
212 573
9287 lauren.abbott@ab-inbev.com
Maria Glukhova
+32
16 276 888maria.glukhova@ab-inbev.com
Jency
John +1
646 746
9673 jency.john@ab-inbev.com
MediaIngvild Van Lysebetten+32 16 276
608ingvild.vanlysebetten@ab-inbev.com
Fallon Buckelew+1 310 592 6319fallon.buckelew@ab-inbev.com
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