A PYMNTS Company

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

 |  October 11, 2016

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

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

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.