Anheuser-Busch InBev (BUD -1.9%) is seeking to buy South Korea's Oriental Brewery Co. (Cass, OB Golden Lager, Cafri, etc.) back from KKR and Affinity Equity Partners, Bloomberg reports, with an agreement to come as soon as next week.
The company sold the business to KKR back in 2009 for $1.8B in an effort to reduce debt following its merger. As part of the deal, BUD has the right to buy back the ops at pre-agreed terms this year (The Korea Times reported earlier this month that the option price is 11x EBITA, or ~$4.15B)
Brewers "have been snapping up assets in emerging markets as growth in developed economies stagnates," Bloomberg observes. According to another report, BUD is also seeking to purchase Ginsberg Beer, a Chinese brewing company.