Anheuser-Busch Sells 49.9% Stake in Metal Container Plants to Help Pay Down Debt
Anheuser-Busch InBev (NYSE: BUD) remains committed to reducing its debt load after announcing last week it was selling a 49.9% stake in its metal container plants for $3 billion and would use the proceeds to help pay down its debt.
That share of the U.S.-based facilities is being acquired by a group of institutional investors led by Apollo Global Management (NYSE: APO).
Image source: Anheuser-Busch InBev.
Source Fool.com
