logo
  

AB InBev In Discussions With Anadolu Efes To Sell Stake In Russian JV

Anheuser-Busch InBev or AB InBev (AHBIF.PK), a Belgian drink and brewing company, said on Friday that it is in discussions with the Turkish brewer Anadolu Efes to sell its interest in the Russian joint venture AB InBev Efes.

The potential deal is also includes AB InBev's request on the suspension of the license for production and sale of Bud in Russia.

The move to sell the interest follows the Belgian firm's earlier announcement that it was forfeiting all financial benefit as a non-controlling partner from the JV which results in de-recognizing the investments in the JV to report a $1.1 billion non-cash impairment charge for the first quarter.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration said it now intends to review only a small subset of new emergency use authorization or EUA requests for diagnostic tests. As per an updated COVID-19 test policy with a view to ensure continued access to tests, the regulator further urged developers of all test types seeking marketing authorization to pursue traditional premarket review for most test types. Netflix, Inc. said it is adding a new feature to offer a more personalized mobile games experience on the platform. In a statement, Sophia Yang, Product Manager, Mobile Games, said the company is rolling out the ability to create game handles, with which members will be able to create a unique public username. This can be used across all Netflix games. General Motors Co. has delayed its plan to require employees to return to office many days a week until next year, reports said citing an internal memo signed by CEO Mary Barra. Last week, the company had announced that corporate workers would be required to return to respective offices at least three days a week, beginning later this year, as the COVID-19 pandemic eases.
RELATED NEWS
Follow RTT