New Hampshire Business Newsreel
January 20. 2014 9:14PM
Anheuser-Busch InBev to buy back S. Korean brewery
ST. LOUIS — Anheuser-Busch InBev is reacquiring Oriental Brewery, South Korea's leading brewery, for $5.8 billion.
Belgium-based AB InBev sold the brewery in 2009 for $1.8 billion to cut its debt following its acquisition of St. Louis-based Anheuser Busch. Oriental Brewery, maker of Cass beer, has an exclusive license to distribute AB InBev brands, including Budweiser, Corona and Hoegaarden, in South Korea.
AB InBev said it will close on the purchase from private equity firms KKR and Affinity Equity Partners in the first half of 2014.
Beer volumes in South Korea grew 2 percent from 2009 to 2012, and premium beers grew 10 percent annually. The country's beer market is expected to grow by more than 13 percent during 2012 to 2022, AB InBev said.
--St. Louis Post-Dispatch
Chamber to host transportation forum
CONCORD — The Greater Concord Chamber of Commerce is hosting an informational lunch forum, "The Roads to New Hampshire's Future: What's on the Horizon?" on Jan. 30 featuring New Hampshire Department of Transportation Commissioner Christopher Clement.
The event will be held from 11:45 a.m. to 1 p.m. at the Grappone Conference Center, 70 Commercial St., Concord. The forum, sponsored by Nobis Engineering Inc. and Sanel Auto Parts Co., is $25 for chamber members and $35 for nonmembers, and includes lunch.
Clements is expected to discuss the plan for New Hampshire's road and bridge infrastructure, the state's priorities, and what to expect for Interstate 93 improvements through Concord.
For more information or to register, contact the Greater Concord Chamber of Commerce at 224-2508, firstname.lastname@example.org or visit www.concordnhchamber.com to register online.