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Anheuser-Busch to purchase the balance 50% stake of Crown Beers India

Neeta Aurora 22 June 2008

Global brewer Anheuser-Busch will purchase the remaining 50 percent stake in Crown Beers India Ltd, for an undisclosed amount.

Crown Beers India Limited is a joint venture between Crown International and Anheuser-Busch set up in 2007 to market the world-famous Budweiser brand and Armstrong, a premium strong beer developed specifically for the Indian beer market, throughout southern and western India.

Crown Beers India Ltd. has a brewery in the southern city of Hyderabad that has a production capacity of about 426,000 barrels.

However, terms of agreement were not disclosed.

Earlier this month, St. Louis, Missouri-based Anheuser-Busch received an unsolicited $46.3 billion buyout offer from Belgian brewer InBev NV.

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