Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, April 23, 2025

View Back issues

Japan's Asahi to Buy Peroni, Grolsch Brands

BRUSSELS (AP) — Japanese drinks group Asahi says it has reached an agreement with brewing giant Anheuser-Busch InBev to buy the Peroni, Grolsch and Meantime brands and related businesses, excluding certain U.S. rights.     Asahi Group Holdings Ltd. had made a binding offer in February of 2.55 billion euros (currently $2.88 billion) for the brands. AB InBev is looking to sell the brands to assuage antitrust concerns over its acquisition of rival SABMiller.     In a statement, Asahi said Tuesday the purchase is contingent on AB InBev completing the acquisition of SABMiller, to which the brands currently belong. That deal is scheduled to be completed in the second half of 2016.     Copyright 2016 The Associated Press. All rights reserved.

Categories / Uncategorized

Subscribe to our free newsletters

Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.

Loading...