Belgium-based multinational drink and brewing company, Anheuser-Busch InBev, announced last month that it has entered into a strategic relationship with a consortium of institutional investors led by affiliates of Apollo Global Management, Inc. who will acquire a 49.9 percent minority stake in AB InBev’s US-based metal container plants for approximately 3 billion USD. Once completed, this agreement will allow the company to create additional shareholder value by optimizing its business at a competitive price and generate proceeds to repay debt, in line with its deleveraging commitments.

AB InBev will retain operational control of its US-based metal container plants and flexibility in its ability to serve its customers and consumers. A long-term agreement will be provided from AB InBev’s metal container supply needs over the course of the agreement.

AB InBev will also have the right, although under no obligation, to reacquire the minority stake beginning on the fifth anniversary of the close of the transaction, at predetermined financial terms.

The transaction is expected to close by the end of this week on January 8, 2021.