On Monday, Japanese beer maker Asahi Group Holdings stated, it will take on $11 billion (1.185 trillion yen) when it borrows the sum from Sumitomo Mitsui Banking Corp (SMBC) to pay for its acquisition of Anheuser-Busch InBev’s Australian subsidiary.

In a statement Asahi said, it has signed a contract today for the loan from SMBC.

The deal for the AB InBev subsidiary, Carlton & United Breweries (CUB), is set to close on June 1.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy