Belgian listed company InBev announced that it has completed the sale of a 90% interest in Immobrew, a subsidiary of InBev Belgium, to Cofinimmo. Immobrew owns 823 pubs in Belgium and 245 pubs in the Netherlands. The transaction value comes to EUR 419 mln, on a debt and cash free basis. This sale is consistent with InBev's commitment to free up capital invested in non-core activities and will allow the group to concentrate on the beer business.
Premium subscriber content – please log in to read more or take a free trial.
