|AB InBev to pay $5.8 billion for Korea's Oriental Brewery|
|News - St Augustine Area & St Johns County|
HONG KONG — Anheuser-Busch InBev agreed to pay $5.8 billion for Oriental Brewery, regaining control of a company that became South Korea’s biggest brewer under KKR & Co. and Affinity Equity Partners.
AB InBev will fund the acquisition with internal resources, according to a statement from the companies Monday. The Leuven, Belgium-based maker of Budweiser and Corona will receive about $320 million in cash when the transaction is completed.
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