AB InBev buys back stake in U.S.-based metal container plants for $3B

Anheuser-Busch InBev (BUD) announced that it has exercised its right to reacquire the 49.9% minority stake in AB InBev’s US-based metal container plants from a consortium of institutional investors led and/or advised by affiliates of Apollo Global Management (APO), for a price estimated to be approximately $3B. “Our US-based metal container plant operations include seven facilities across six states and are a strategic component of our business, ensuring quality, cost efficiency, speed of innovation and supply security for our brands, while providing industry-leading manufacturing jobs and driving economic growth in communities across the U.S.,” Anheuser-Busch said in a statement. AB InBev’s exercise of the repurchase option will be funded with cash-on-hand and is consistent with our capital allocation framework that focuses on maximizing long-term shareholder value. The transaction is expected to be EPS accretive in year 1 and, subject to customary closing conditions, is anticipated to close in the first quarter of 2026.