Private equity group CVC Capital Partners is prepared to offer up to 1.5 billion euros ($2.1 billion) for Anheuser-Busch InBev's Central and Eastern European assets, newspaper De Tijd said on Tuesday.
Private equity bidders had until July 27 to submit bids, with CVC and TPG Capital still in the running, the Belgian newspaper said, citing a report by Financial News Online.
KKR had dropped out of the proceedings, the newspaper said.
KKR moved into beer-making by agreeing to buy AB InBev's South Korean unit Oriental Brewery in May.
Citing two anonymous sources, the report said CVC was in talks with 13 banks, including HSBC HSBC.L, Unicredit, Calyon and Societe Generale, to secure a loan of at least 700 million euros.
The group would pay a separate tranche of 800 million euros in shares, the paper said.
AB InBev, the world's largest brewer and maker of Beck's, Budweiser and Stella, has said it wants $7 billion from divestments to help repay $45 billion of loans for InBev's $52 billion takeover last year of U.S. brewer Anheuser-Busch.
(Reporting by Antonia van de Velde; Editing by Dale Hudson)