Anheuser-Busch plans to buy the 50 percent of its India-based joint venture that it doesn't already own, the brewer said Friday.
The maker of Budweiser beer said it plans to buy Crown International's half of Crown Beers India Ltd. company. The deal includes a brewery in Hyderabad. The two companies founded the venture last year.
The financial terms of the deal were not disclosed.
Anheuser-Busch is currently considering a $46 billion takeover offer from Belgian brewer InBev that would create the world's largest brewing company. The St. Louis brewer did not solicit the bid.
Anheuser-Busch shares fell 7 cents to $60.96 in afternoon trading.
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