Anheuser-Busch InBev is looking into selling off its portfolio of German beer brands including Franziskaner Weissbier, Hasseroeder and Spaten to lower the company’s debt load.
The sale could reportedly raise $1.2 billion for ABInBev which increased its debt after numerous acquisitions in recent years. New ABInBev CEO Michel Doukeris, who has been at the post for just three months, is said to be looking to double down on the company’s energy drinks brands, canned wine, and Cutwater Spirits canned cocktails, in a bid to insulate the company against a stagnant performance in beer.
Anheuser-Busch, a subsidiary of AB InBev, just announced the launch of a new canned vodka seltzer called NÜTRL in the US.
Full story here.