TOKYO (Reuters) - Japanese beer maker Asahi Group Holdings (T:2502) said on Monday it would borrow 1.185 trillion yen ($11 billion) from Sumitomo Mitsui (NYSE:SMFG) Banking Corp (SMBC) to pay for its acquisition of Anheuser-Busch InBev 's (BR:ABI) Australian subsidiary.
Asahi said in a statement it had signed a contract on Monday for the loan from SMBC. The deal for the AB InBev subsidiary, Carlton & United Breweries (CUB), is set to close on June 1.