Anheuser-Busch Acquires remaining 50% Ownership of Joint Venture in India
ST. LOUIS (June 20, 2008) - Anheuser-Busch, a leading global brewer, will purchase the remaining 50 percent ownership of the Crown Beers India Ltd. joint venture from its partner, Crown International. The acquisition includes the joint venture’s 500,000-hectoliter brewery in the southern city of Hyderabad.
“The Indian beer industry continues to grow at a rapid pace, and acquiring the remaining 50 percent of the Crown Beers joint venture reaffirms Anheuser-Busch’s commitment to being a key player in this emerging beer market,” said Tom Santel, president and chief executive officer, Anheuser-Busch International, Inc. “As Crown International looks to focus on its other successful businesses, this move will continue to best position the Budweiser brand for long-term growth in India.”
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