Anheuser-Busch InBev's Russian Venture Stake Sale to Anadolu Efes Faces Approval Roadblock

Anheuser-Busch InBev's attempt to execute the sale of its stake in the Russian joint venture to Turkey's Anadolu Efes has faced obstacles as necessary approvals were not obtained. Both companies are reviewing the decision while Anadolu Efes continues to manage the business in Russia.

Anheuser-Busch InBev's efforts to offload its stake in a Russian joint venture to Turkey-based Anadolu Efes have hit a snag due to a lack of required approvals.

According to a statement from AB InBev, the companies are currently reassessing the decision.

Meanwhile, the Russian operations remain under the management of Anadolu Efes.

(With inputs from agencies.)