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.

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Source Fool.com