Transaction Showcases Apollo’s High-Quality Investment and Enterprise Solutions Platform
NEW YORK, December 23, 2020 (GLOBE NEWSWIRE) – Apollo Global Management, Inc. (NYSE: APO) today announced that the accounts and entities advised by Apollo and its subsidiaries (collectively “Apollo”) and a group of institutional investors have entered into a strategic relationship with Anheuser-Busch InBev SA / NV (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) (“AB InBev”) to acquire a stake of 49.9 % in Anheuser-Busch InBev US-based metal container factories for approximately USD 3 billion. This transaction, once completed, will allow AB InBev to create additional shareholder value by optimizing its business at an attractive price and generate debt repayment proceeds, in line with its debt reduction commitments.
For Apollo, the transaction represents a unique opportunity to invest in high quality assets with stable long-term cash flow alongside the world’s leading brewer, AB InBev. Apollo leverages its expertise on its integrated investment platform to help AB InBev optimize its assets and unlock shareholder value in a complex market environment.
AB InBev will retain operational control of its US-based metal container factories and flexibility in its ability to serve its customers and consumers. A long-term supply agreement will cover AB InBev’s metal container supply needs during the relationship. In addition, AB InBev will have the right, but not the obligation, to repurchase the minority stake from the fifth anniversary of the closing of the transaction, on predetermined financial terms.
“Executing an institutional investment of this nature demonstrates Apollo’s unique ability to reduce complexity and use the strength of our platform to provide world-class businesses with strategic solutions at scale,” said Robert V. Seminara, Senior Partner and Head of Europe, Apollo. “We are delighted to invest alongside AB InBev in its core US metal container business, supporting the strategic plans of AB InBev and its employees.”
Jamshid Ehsani, Senior Partner at Apollo, said: “Apollo is uniquely positioned to provide efficient, customized capital solutions to large enterprises. Our platform has unlimited capacity and appetite for complex and creative transactions which, combined with our size, scale and speed of execution, sets us apart from other platforms and allows us to execute transactions. unique sizes that match the investment objectives of our insurance and institutional clients, including Athene.
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles, San Diego, Houston, Bethesda, London, Frankfurt, Madrid, Luxembourg, Mumbai, Delhi, Singapore, Hong Kong, Shanghai and Tokyo . Apollo had approximately $ 433 billion in assets under management as of September 30, 2020 in credit, private equity and real asset funds invested in a core group of nine industries where Apollo has considerable knowledge and resources. For more information on Apollo, please visit www.apollo.com.
About Anheuser-Busch InBev
Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the stock exchanges of Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD). Our dream is to bring people together for a better world. Beer, the original social network, has brought people together for thousands of years. We are committed to creating great brands that stand the test of time and brewing the best beers using the best natural ingredients. Our diverse portfolio of over 500 beer brands includes global Budweiser brands®, Crown® and Stella Artois®; Beck’s multi-country brands®, Hoegaarden®, Leffe® and Michelob Ultra®; and local champions like Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Chateau®, Castle Lite®, Crystal®, Harbin®, Jupiler®, Special model®, Quilmes®, Victoria®, Sedrine®, and Skol®. Our brewing heritage dates back over 600 years, spanning continents and generations. From our European roots to the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, USA. When the Castle Brewery was founded in South Africa during the Johannesburg Gold Rush. In Bohemia, the first brewery in Brazil. Geographically diverse with balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 170,000 employees based in nearly 50 countries around the world. For 2019, AB InBev’s reported revenue was USD 52.3 billion (excluding JV and associates).
Apollo contact details:
For investors, please contact:
Head of Investor Relations
Global management of Apollo, Inc.
+1 212 822 0528
For media inquiries, please contact:
Global Head of Corporate Communications
Global management of Apollo, Inc.
+1 212 822 0491
CONTACTS ANHEUSER-BUSCH INBEV
+1 212 573 9287
+32 16 276 888
+1 646 746 9673
Ingvild Van Lysebetten
+32 16 276 608
+1 310 592 6319