HEINY - Budweiser Parent AB InBev Exits Russia Hands Over Joint Venture To Turkish Partner: Report | Benzinga
Anheuser-Busch InBev SA (NYSE: BUD) has reportedly reached an agreement to transfer its stake in a Russian joint venture to its Turkish partner, Anadolu Efes.
This move marks one of the final notable European divestments in Russia amidst ongoing geopolitical tensions. Anadolu Efes will gain full ownership of the business, reported Bloomberg.
AB InBev will not receive immediate payment, instead, future compensation will be contingent on the venture's performance. The report ...