Dispute increases uncertainty of an accepted deal by Wednesday’s U.K. deadline

A public spat continued Thursday between Anheuser-Busch InBev NV and its would-be takeover target SABMiller PLC, increasing the uncertainty of an accepted deal by Wednesday’s U.K. deadline.

AB InBev said SABMiller’s claim that its latest acquisition proposal undervalues the London-based brewer “lacks credibility.” The world’s largest brewer, based in Belgium, said SABMiller’s shareholders should “voice their views and should not allow the board of SABMiller to frustrate this process and let this opportunity slip away.”

AB InBev could make its offer for SABMiller this week, with reports over the weekend suggesting a $106bn bid is on the cards.

Nearly 200 Carlsberg engineers, brewers, processors and packers will take part in an a continuous ban on overtime and work-to-rule on Thursday (October 1), after the firm imposed what Unite the union described as a worldwide pay freeze.

Heineken N.V. and CFAO announced on September 25, 2015 the formation of a joint venture in Ivory Coast under the name of "BRASSIVOIRE" to produce and market beer in the country. This new entity is owned 51% by HEINEKEN and 49% by CFAO. HEINEKEN and CFAO are also laying the foundation stone for their new beer production site the same day.

Anheuser-Busch InBev's (ABI.BR) prospective deal for SABMiller PLC (SAB.L) is expected to ripple across other consumer industries in the next few years, from soda makers and bottlers to snack manufacturers.

If AB InBev's initial approach to SABMiller succeeds, the resulting brewer, with a $275 billion market capitalization, could eventually buy Coca-Cola Co (KO.N) or PepsiCo (PEP.N), analysts said. That would break down longstanding U.S. barriers between the manufacture and sale of alcohol and soft drinks.

AB InBev is backed by private equity firm 3G Capital, known for a relentless focus on trimming corporate fat.

Yesterday AB InBev and SABMiller confirmed they are exploring a mega-brewer tie-up, which would create a force controlling an incredible 30% of global beer volumes. So what would this mean for the industry - and what are the challenges it could face? Here's your quick guide to the analysis and commentary surrounding the potential deal.


Takeover could create one of world’s biggest drinks companies as popular beer brands such as Stella, Budweiser, Fosters and Peroni end up under one roof.

SABMiller owns brands such as Miller, Peroni and Grolsch.

SABMiller has confirmed that it has received notification from Anheuser-Busch InBev of a possible takeover. The UK-headquartered brewer, which currently has a market capitalisation in the region of US$80bn, confirmed this morning that A-B InBev has been in contact regarding an intention to make an offer. A combined entity would have a market cap of around $256bn.


On 27 July, the workers of National Brewery (SABMiller) called off the strike after 18 days of protest, during which the unions stoically endured the ravages of the transnational brewer and maintained their unity and mobilization capacity.