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Asahi Just Spent $16 Billion On Carlton & United Breweries

Asahi Group Holdings Ltd (TYO:2502) just spent $US11.3 billion to acquire the beer company Carlton & United Breweries.
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Jaz Harrison

Jaz is a Staff Writer for Rask. She is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.
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Asahi Group Holdings Ltd (TYO: 2502) just spent $US11.3 billion to acquire the beer company Carlton & United Breweries.

Carlton & United Breweries has been operating for a number of years. It owns a number of brands including Victoria Bitter, Carlton Draught, Great Northern, Pure Blonde, Carlton Dry, Melbourne Bitter, Crown Lager, Cascade Premium Light and the Yak Ales.

Carlton & United Breweries Sold

AB InBev will receive AUD $16 billion from Asahi and represents an implied multiple of 14.9x 2018’s normalised EBITDA (click here to learn what EBITDA means).

AB InBev will grant the rights to commercialise the portfolio of AB InBev’s global and international brands in Australia. AB InBev will use some of the money to accelerate its expansion into other fast-growing markets in the APAC region and globally. However, most of the money will be used to pay down debt.

Hopefully this won’t mean a change to the taste of many of Australia’s most loved beers.

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