
Japan’s Asahi favorite to buy StarBev from CVC – report
Asahi has reportedly emerged as the frontrunner to buy east European brewer StarBev from CVC Capital Partners in a deal worth up to $3 billion. It is another indication of Japanese corporates’ interest in expanding overseas, offering an exit opportunity to private equity owners at a time when the IPO environment is weak.
Sources told Reuters that a number of global brewing groups have approached CVC and Asahi has "put a big price on the table." A deal is likely to be agreed in the next two weeks. CVC acquired what is...
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