Anheuser-Busch InBev has agreed to buy back a 49.9% stake in its US metal container operations from a consortium of institutional investors led and advised by Apollo Global Management in a deal valued at approximately $3bn, according to a report by Bloomberg.
The brewer will fund the transaction using cash on hand. The assets comprise seven metal packaging plants across six US states and are considered a core part of AB InBev’s domestic supply chain. The transaction is expected to complete in the first quarter of 2026.
AB InBev originally sold the minority stake to Apollo in 2020 for $3bn as part of a wider effort to reduce debt following its over $100bn acquisition of SABMiller in 2016. The move comes amid continued pressure on brewers from softer consumer demand and rising input costs, including tariffs on steel and aluminium in the US.
The company said the repurchase would strengthen supply security, cost efficiency, and innovation across its US operations.
