Reuters scoops on InBev plans to sell Korean beer biz; shares rise

Shares of global beer giant InBev rose 4 percent on Sept. 2 after Reuters broke news it was planning to sell its Korean OB beer business as it inches closer to its $52 billion acquisition of U.S. brewer Anheuser-Busch. InBev plans to exit the heavily-saturated Korean market because sales have been dragging and growth has stagnated. A sale will also help with the financing of its planned takeover of Anheuser. The article also identified potential buyers, including Japan’s Asahi Breweries and Kirin Holdings. The story was picked up by CNBC, Bloomberg, Yahoo, the Guardian, Fox Business News and several other outlets, including Asian dailies. The Financial Times followed with its own article a day later. Hong Kong’s Michael Flaherty and New York’s Jui Chakravorty broke the story, thanks to endless hours of source building.