A-B InBev targets Belgian, Vietnamese breweries for acquistion

Anheuser-Busch InBev reportedly has agreed to buy Belgian brewer Bosteels, maker of Tripel Karmeliet, Kwak and other specialty beers.

A-B InBev, the Belgian parent company of St. Louis-based Anheuser-Busch, agreed to buy Bosteels from the family that founded the brewery over 200 years ago. Financial terms weren’t disclosed, but Belgian news sources estimate the deal’s value at 200 million euros ($225.4 million).

A-B InBev also is targeting Vietnam’s top beer company, Saigon Beer Alcohol Beverage Corp. (also known as Sabeco), as another acquisition.

Sabeco has a 40 percent share of the beer market in Vietnam, one of the fastest growing economies in Asia, Bloomberg reported. The Vietnamese government plans to sell all of its 89.59 percent stake in the company, as well as its 82 percent share of Hanoi Beer Alcohol Beverage Corp., which has a 20 percent share of the country’s beer market. Consumption has spiked about 40 percent between 2010 and 2015.

Word of A-B InBev’s acquisition targets comes as a surprise as it is still closing its planned $107 billion buyout of SABMiller.

Read more: St. Louis Business Journal

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