CVC Submits Only Bid for InBev’s CEE Assets

LONDON (Reuters) – Private equity firm CVC Capital Partners has made the only bid for Anheuser-Busch InBev’s (ABI.BR) Central and Eastern European assets, people familiar with the matter said on Wednesday.

TPG, which was expected to also make an offer by Monday’s deadline, has not submitted a bid and is out of the process, one of the sources said.

Bankers said last week that offers were expected to be around $2 billion.

AB InBev has been looking for offers of around 2 billion euros ($2.8 billion), one person said on Wednesday.

The person added that AB InBev had explored the possibility of splitting up the Central and Eastern European assets.

The field of potential bidders has narrowed in recent weeks, with Cinven, Warburg Pincus and KKR all having dropped out of the proceedings.

The brewer of Budweiser, Stella and Beck’s, has said it wants to raise $7 billion from divestments to repay $45 billion of loans for InBev’s $52 billion takeover last year of U.S. brewer Anheuser-Busch. (Reporting by Victoria Howley and Simon Meads in London and Philip Blenkinsop in Brussels; Editing by Greg Mahlich)