Anheuser-Busch to take over India joint venture

[OhioChick]

Source: Reuters

Fri Jun 20, 2008 4:26pm BST

NEW YORK (Reuters) - U.S. brewer Anheuser-Busch Cos Inc (BUD.N: Quote, Profile, Research) said on Friday it will acquire the remaining 50 percent stake of the Crown Beers India Ltd joint venture from partner Crown International.

The acquisition includes the joint venture's 500,000-hectoliter brewery in Hyderabad, said Anheuser.

Terms of the deal were not disclosed.

Crown International and Anheuser-Busch formed the Crown Beers India venture last year to distribute Budweiser and Armstrong, a beer developed specifically for India, throughout southern and western India.



Read more: http://uk.reuters.com/article/governmentFilingsNews/idUKWEN637320080620

[dipsydoodle]

1. Shouldn't be in the DU Beer Forum ?

:shrug: :rofl:

[knight_of_the_star]

2. We have a beer forum?

Awesome!!!

[LTR]

3. Ahh... the poison pill

I guess this will make it tougher for InBev to swallow A-B.

[pattmarty]

4. I already thought they brewed Busch in India (because of the taste).

[cliss]

5. Thankx for the info Ohio Ch.

I'm an exporter of US products, and my cronies in India will definitely want to read this article. Thankx.

However, this company needs to get rid of the name BUSH. He's not very well liked over there :o)