AB InBev’s takeover of SABMiller, worth in the order of $100 billion, is set to be concluded after the deal received approval from shareholders. With the acquisition of SABMiller, AB InBev will hold 46% of global beer profits and 27% of global volume, according to a Wall St Journal report, simultaneously diminishing the company’s dependency on the US and increasing its presence inover 17 African countries. To clear the way …
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SABMiller
China Resources, the firm behind China Snow, the world’s most consumed beer brand, is considering a bid for SABMiller’s central and eastern European assets, according to a source quoted by Bloomberg. The reported deal would include the brewer of Czech beer Pilsner Urquell and could be valued at around $6 billion, Bloomberg continues. SABMiller owns such brands as Foster’s in Australia, Pilsner Urquell in Czech Republic and Miller Genuine Draft in …
Leading Japanese beverage maker Asahi Group Holdings is planning to make an offer to buy European beer brands Grolsch and Peroni, according to reports in Yomiuri and the Japan News. In November, it was reported that AB InBev was giving consideration to a disposal of Peroni and Grolsch in order to head off possible competition concerns over its takeover of SABMiller. A deal between Asahi and AB InBev for the …
Leading brewer AB InBev is giving consideration to a disposal of Peroni and Grolsch in order to head off possible competition concerns over its takeover of SABMiller, according to a report in the Financial Times. Quoting sources close to the matter, the Financial Times said that plans were not finalised but that any such sale could potentially raise billions of pounds. Heineken, Molson Coors and C&C Group are listed as …
AB InBev has sealed the acquisition of rival SABMiller after submitting an improved deal for the firm, according to a report in Fin24. The £68 billion ($105 billion) price makes it one of the highest-valued of all time in the consumer goods space. Following two weeks of negotiation, AB Inbev ultimately offered £44 ($68) per share in cash for a majority of the shares – 46% above SABMiller’s closing value …
AB InBev has confirmed in a statement that it has approached rival beermaker SABMiller regarding a possible combination of the two companies. The mooted deal, valued at approximately $250 billion, would bring together a host of globally important brands, such as Stella Artois, Budweiser, Corona (owned by AB InBev) and Grolsch, Peroni and Fosters (owned by SABMiller). AB InBev is the world’s largest brewery company, and SABMiller the second largest. …
MillerCoors, through its craft and import division Tenth and Blake, has announced that it has entered into an agreement to acquire a majority interest in Californian craft brewer Saint Archer Brewing. Founded in San Diego in 2013, Saint Archer brews an array of ales including Blonde Ale, IPA, White Ale and Pale Ale. The company expects to sell 35,000 barrels of beer in 2015, up more than 100% over 2014. …
Leading brewer SABMIller is to buy the London-based craft beer producer Meantime Brewing Company to meet growing consumer demand for craft beers, according to a report from Reuters. Meantime saw volume sales surge 58% in 2014, compared with just 1% Britain’s beer market as a whole, Reuters adds. The terms and conditions of the deal, which is expected to be concluded by early June 2015, have not been disclosed. However …
The Coca-Cola Company, SABMiller plc and Gutsche Family Investments (GFI, majority shareholders in Coca-Cola Sabco) have closed a deal on a joint bottling venture in South and East Africa. The new bottler, operating under the name of Coca-Cola Beverages Africa, will serve 12 high-growth countries accounting for approximately 40 per cent of all Coca-Cola beverage volumes in Africa, Coca Cola announced.The new company will be the largest Coca Cola bottler …
Leading global brewer SABMiller has reported its second quarter financials, with beer volumes declining by 3%. SABMiller said overall revenues rose 3% in the three months to the end of September, helped primarily by soft drinks. While total volumes were down 1%, soft drinks sales (which account for 20% of SABMiller’s sales volumes) bucked the trend with a 9% rise. Overall drinks volume in Asia Pacific fell 8% in the …
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