• psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813

Anheuser Busch InBev sells breweries in Europe

Anheuser-Busch InBev  agreed to sell breweries in nine eastern European countries to CVC Capital Partners on Thursday for an initial $2.23 billion.

ab-inbev The sale is the third by the world’s largest brewer to a private equity company, after KKR’s purchase of South Korea’s Oriental Brewery and Blackstone LP’s  of its U.S. theme parks, made possible by improved capital and equity markets.

AB InBev and CVC said in a statement that the price tag could rise to $3.03 billion depending on CVC’s return on investment, while AB InBev has a first right of refusal  re-acquire the business should CVC decide to sell in the future.

AB InBev has now pushed past the $7 billion goal it had set for divestments to help pay for InBev’s $52 billion takeover of U.S. rival Anheuser-Busch completed last November.

The brewer of Budweiser, Stella Artois and Beck’s has now actually raised a potential $9.5 billion after sales of assets in South Korea, China, Scotland and Ireland as well as packaging and theme park businesses in the United States.

CVC will be acquire the operations of Anheuser-Busch InBev in Bosnia-Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Romania, Serbia and Slovakia.

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