 |
Dial 1-800-Philippines for call centers
Often ignored as an economic laggard, the Philippines has beaten India to win the top spot for offshore call center outsourcing. That's amid fresh grumbles in the U.S. over sending jobs abroad. Video
AB InBev calls off sale of Beck's beer brand: report
Anheuser Busch, Inc. World Headquarters in St Louis, July 14, 2008.
Credit: Reuters/Peter Newcomb
FRANKFURT |
FRANKFURT (Reuters) - Anheuser-Busch InBev (ABI.BR) has walked away from a planned sale of its German beer brand Beck's to U.S. buyout firm Bain Capital, a German magazine reported.
Contracts had been ready to sign and Bain had secured financing for the projected 1.7 billion Euro ($2.54 billion) deal, weekly Wirtschaftswoche said on Saturday in an excerpt of an article to be published on Monday, citing financial sources.
Nobody at Anheuser-Busch InBev was immediately available for comment.
The sale of 13 eastern European breweries for 2.2 billion euros in October eased Anheuser-Busch InBev's debt burden enough for the brewing giant to call off the Beck's deal, Wirtschaftswoche reported. (Reporting by Ludwig Burger in Frankfurt and Jan Strupczewski in Brussels, editing by Mike Peacock)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters