Dow Jones Newswires: AB InBev to book $1.1 billion impairment over sale of Russian JV stake


Anheuser-Busch InBev SA said Friday that it is in discussions to sell its Russian joint venture interest to Turkish brewer Anadolu Efes, and that it will recognize a $1.1 billion impairment resulting from the transaction.

The world’s largest brewer

which houses the Stella Artois and Budweiser brands among its portfolio, said it will sell the noncontrolling interest in the AB InBev Efes joint venture and is in discussions with its partner, Anadolu Efes.

AB InBev also said its request concerning the suspension of the license for Bud in Russia will be part of any transaction.

Write to Kyle Morris at

Dow Jones Newswires: SAP profit falls as Russia’s war in Ukraine creates economic uncertainties

Previous article

The New York Post: Musk in talks with private-equity firm over possible Twitter takeover bid, say sources

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in News