We have noticed that a number of large European businesses have put some of their assets on the market. These include Italian Oil Giant Eni, which has hired Rothschild to sell most of its North Sea fields for more than $1bn. The fields that are up for sale are producing about 20,000 barrels a day and contain about 120 million barrels of oil reserves. World leading brewing giant Inbev is seeking to offload its central and east European units in order to pay off debt. The eastern European operations employ 6000 people and brew 329m gallons of beer. Inbev owns the top selling beers Stella Artois, Beck's and Budweiser. The business perhaps had "one too many" when it bought Anheuser-Busch for £32bn. It needed a bridging loan of £4bn to part finance the takeover just before the credit crunch. Drinks seem to be on the menu as Pernod has put Tia Maria up for sale. Same sort of problem as before as Pernod is looking to raise cash after its £5.6bn takeover of Vin & Spirit, the makers of Absolut Vodka. Tia Maria is expected to fetch between £170m and £200m.
As the central and eastern European economies are put under more pressure we expect to see some more distressed asset sales. So watch this space.
This well-established B2B wholesaler specialises in cask ales, continental lagers, and craft cider, boasting exclusive access to a diverse range of products from renowned breweries.
Exeter high street pharmacy offers a prime opportunity in a suburban location, dispensing approximately 9,000 items per month.
LEASEHOLD
An established bar and restaurant manufacturer and fit-out contractor in Lancashire is available for acquisition, offering a unique opportunity for entry or expansion in the hospitality industry.
Looking for more businesses? Try our off-market tool.
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.