Russia Again Rejects Anadolu Efes Proposal to Buy Out AB InBev from Joint Venture

BUD
October 08, 2025

Russia again rejected Anadolu Efes' proposal to buy out Anheuser-Busch InBev from their joint venture, AB InBev Efes, on June 20, 2025. This reiterates the ongoing challenges AB InBev faces in exiting the Russian market. The Kremlin had previously placed the local assets of the AB InBev Efes business 'under temporary management' in January.

The repeated rejection signifies a continued lack of resolution for AB InBev regarding its Russian operations. This situation means the company remains without direct control over its assets in Russia, impacting its ability to manage its global portfolio effectively. The geopolitical climate continues to complicate its business interests in the region.

For investors, this development confirms the persistent difficulties in divesting from Russia and the continued uncertainty surrounding the value and control of these assets. The inability to finalize a buyout prolongs the financial and operational implications of the asset seizure, representing a sustained negative impact.

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