Global private equity firm CVC Capital Partners has announced its sale of StarBev to Molson Coors Brewing Company for EUR2.65 billion (US$3.47 billion). Headquartered in Amsterdam, Netherlands and Prague, Czech Republic, StarBev operates nine breweries in Central and Eastern Europe. CVC invested US$1.2 billion in StarBev L.P. for it to acquire AB-InBev’s CEE brewing assets in December 2009. The transaction is subject to approval by certain European competition authorities and is expected to close in the second quarter of 2012.