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UK: Shareholders agree to beer merger

By  |  September 28, 2016

Shareholders of SABMiller and Anheuser-Busch InBev on Wednesday approved a deal to create a giant in the beer industry that would control some of the world’s best-known brands, including Budweiser, Corona, Hoegaarden, Leffe and Stella Artois.

The takeover of SABMiller by its larger rival, Anheuser-Busch InBev, was approved by shareholders despite objections from some SABMiller investors. The combined company will account for 27 percent of beer sales worldwide and would have annual revenue of about $55 billion.

The deal will also give Anheuser-Busch InBev a substantial operation in Africa, where it has little presence, and greater dominance in Latin America.

Anheuser-Busch InBev said it expected to delist SABMiller’s shares on Oct. 6, and shares in the combined company would begin trading in Brussels, Johannesburg, Mexico and New York next month.

Full Content: The New York Times

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