Shares in Budweiser brewer AB
Inbev rose after the world’s biggest
beer maker said it’s selling its selling
Carlton & United Breweries unit in
Australia to reduce debt.
The Belgium-based brewing giant
said Japanese rival Asahi Group will
pay $16 billion AUD ($11.3 billion)
for Carlton, the maker of Victoria
Bitter, Foster’s Lager and other
AB Inbev makes Budweiser, Miller,
Stella Artois and other popular beer
brands. It acquired Carlton via its purchase
of SABMiller for $107 billion in 2017.
That acquisition and others gave AB
Inbev almost a third of the global beer
market. Since then it’s sought to shed
some brands to slim down its debt load
and appease antitrust regulators.
AB Inbev stock rose 6% Friday to