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

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

Tokyo businessmen toast with mugs of Asahi Breweries' beer after their office hours at a beer garden at the rooftop of Nihonbashi-Mitsukoshi department store in Tokyo July 30, 2013. REUTERS/Issei Kato

Japanese beer maker Asahi Group Holdings 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 Australian subsidiary.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter