Belgium: AB InBev secures shareholder approval for SABMiller deal
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 […]
China: China Resources considering bid for SABMiller assets – reports
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 […]
Japan: Asahi mulling offer for Peroni and Grolsch – reports
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 […]
Belgium: AB InBev to sell Peroni and Grolsch to ease SABMiller deal – reports
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 […]
Belgium: AB InBev seals SABMiller deal for £68 billion
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 […]
Belgium: AB InBev plans offer for SABMiller
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 […]
USA: MillerCoors acquires majority interest in Saint Archer Brewing
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 […]
UK: SABMiller to buy Meantime Brewing Company – reports
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, […]
Africa: Joint bottling venture for Coca Cola and SABMiller
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 […]
UK: SABMiller volumes decline in second quarter
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 […]