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Global: AB InBev-SABMiller $100B mega-merger to be completed Monday

By  |  October 11, 2016

Anheuser-Busch InBev, the world’s largest brewer, closed Monday on its more than $100 billion acquisition of rival SABMiller.

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    The top two brewers confirmed plans to merge in November after years of speculation. London-based SABMiller makes Redd’s and Fosters, among other brands, and A-B InBev’s brands include Bud Light, Budweiser and Stella Artois.

    The combined company has $55 billion in annual sales and an estimated global market share of 28 percent, according to market research firm Euromonitor International.

    With the merger, A-B InBev will a stronger presence in key emerging regions with attractive growth prospects, such as Africa and Latin America, the brewer said Monday.

    “As a truly global brewer, we will be able to achieve more together than each of us could separately,” CEO Carlos Brito said in a statement.

    To receive regulatory approval in the US SABMiller gave up ownership of the Miller brands by selling its 58 percent stake in MillerCoors to Molson Coors for $12 billion. Previously, MillerCoors was owned by SABMiller and Denver-based Molson Coors in a joint venture.

    Full Content: Chicago Tribune

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