AB InBev to book $1.1B impairment from decision to sell Russian JV stake


By Kyle Morris

Anheuser-Busch InBev SA said Friday that it is in discussions to sell its Russian joint venture interest to Turkish brewer Anadolu Efes, and that it will recognize a $1.1 billion impairment resulting from the transaction.

The world’s largest brewer–which houses the Stella Artois and Budweiser brands among its portfolio–said it will sell the noncontrolling interest in the AB InBev Efes joint venture and is in discussions with its partner, Anadolu Efes.

AB InBev also said its request concerning the suspension of the license for Bud in Russia will be part of any transaction.

Write to Kyle Morris at kyle.morris@dowjones.com

This article was originally published by Marketwatch.com. Read the original article here.

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