Japan beermaker Asahi looks to halve debt after buying Australia assets

Sumary of Japan beermaker Asahi looks to halve debt after buying Australia assets:

• Article content TOKYO — Japan Asahi Group Holdings said it will aim to halve its debt and forego overseas investments after spending $11 billion to buy the Australian operations of Anheuser-Busch InBev..
• The owner of brands including Asahi Super Dry, Peroni and Pilsner Urquell will aim to reduce its debt to EBITDA (earnings before interest, taxes, depreciation and amortization) to three times from six at the end of December..
• Katsuki previously led Asahi operations in Australia and Oceania before becoming its chief financial officer in 2019….

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From Financial Post - 09/04/2021