Oriental Brewery Bids Shrink With the Economy

A number of bidders have entered the second round for AB InBev's Oriental Brewery. Among them are private equity firms Affinity Equity Partners and Kohlberg Kravis Roberts. AB InBev was originally looking for $2.5 billion for the Korean brewer, but cut its expectations to $2 billion. However, this is still higher than the $1.3 to $1.7 billion range that most expect bids for OB to fall into. Unitas Capital may team up with South Korean-based Lotte Group after its co -bid with Bain Capital came in too low.