Summary Box: Molson Coors buys StarBev for $3.54B

AP News
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Posted: Apr 03, 2012 3:48 PM
Summary Box: Molson Coors buys StarBev for $3.54B

THE DEAL: Molson Coors will spend $3.54 billion to buy StarBev and its nine breweries in central and eastern Europe as it expands its operations.

THE TARGET: StarBev had sales of about $1 billion last year, brewing more than 11 million barrels of beer. The company is owned by funds advised by CVC Capital Partners Ltd. and StarBev management.

THE IMPACT: The acquisition is expected to add to Molson Coors earnings in the first full year of operations and result in about $50 million in pretax operational savings by 2015.