Anheuser-Busch InBev's executive committee will retain only one SABMiller employee as it prepares a clear-out of the takeover target's staff and global offices.

In a new-look leadership team unveiled today, current CEO of SAB South Africa Mauricio Leyva is the sole SABMiller representative on an 18-strong board. Leyva will become zone president for Middle Americas at AB InBev.

AB InBev has announced that the new group, created by the combination of AB InBev and SABMiller, will be based in Belgium. Meanwhile, other details of the combined group – such as top jobs and organizational structure – have been announced.

Read more here: http://www.beveragedaily.com/Manufacturers/Belgium-headquarters-for-comb...

Molson Coors reported a dip in second-quarter net profits, blaming charges in connection with its MillerCoors acquisition as well as prohibition in parts of India and planned brewery closures.

Take a closer look at the brewer's Q2 performance by region:

US (MillerCoors)

MillerCoors blamed shipment timings for a weak Q2 that dragged down the first-half, but praised its light beer performance. Net profits slipped 3% to US$764.8m in the six months to the end of June, the company said. Net sales were down 1% to $3.94bn while operating profits fell 4% to $772.2m.

Half-year net profits lift 6.8% to US$331m
Net sales in six months to end of June down 3.7% to $1.64bn
H1 operating profits up 16% to $511m
Q2 net profits slide 24.8% to $172.3m
Net sales in three months to end of June fall 2% to $986.2m
Operating profits in Q2 dip 14.8% to $267.8m

Molson Coors has reported a dip in second-quarter net profits, blaming charges in connection with its MillerCoors acquisition as well as prohibition in parts of India and planned brewery closures.

Heineken reported a rise in H1 sales and volumes. Takes a closer look at the group's performance by region and brand:

After a strong first quarter, boosted by Easter timing and a strong Vietnamese and Chinese New Year, overall volume growth in the second quarter was more subdued. In Africa Middle East & Eastern Europe following growth in the first three months of the year, volumes declined in the second quarter, due to tougher comparatives and a challenging economic backdrop.

On 29 July, Anheuser-Busch InBev's intended acquisition of SABMiller overcame two major hurdles - clearance from the Chinese authorities and confirmation that SABMiller's board would recommend the new offer of GBP45 per share.

Completion of the deal is still subject to conditions - including the approval of both SABMiller and AB InBev's shareholders. But the path to MegaBrew is much clearer and the companies have set out a timetable to outline what happens between now and the intended completion of the deal - set for 10 October:

2 August: Publication of merger terms

The board of brewer SABMiller will recommend its shareholders approve a sweetened takeover offer by Anheuser-Busch InBev, the company said on Friday, capping a week of high drama about the fate of the consumer industry's biggest-ever merger.

The deal, worth 79 billion pounds ($104.9 billion), remains to be voted on by shareholders - a hurdle that could become harder to clear since the board intends to request that shareholders be divided into two classes, with each needing to approve the terms.

SABMiller has been informed by Anheuser-Busch InBev SA/NV ("AB InBev") that China's Ministry of Commerce has given conditional approval of the recommended combination with SABMiller.

To achieve the Ministry of Commerce's conditional approval and consistent with AB InBev's approach to proactively addressing potential regulatory concerns, AB InBev agreed to sell SABMiller's 49% stake in China Resources Snow Breweries Ltd. ("CR Snow") to China Resources Beer (Holdings) Co. Ltd, which currently owns 51% of CR Snow.

Anheuser-Busch InBev wants to offload SABMiller's Eastern European beer assets as one package rather than piecemeal, according to a report.

The brewer, which is on the verge of completing its takeover of SABMiller, wants to avoid a break-up of the beer brands, Reuters has reported today. Private-equity funds that are examining the prospect of a sale may have to team up to afford the expected EUR7bn (US$7.7bn) price tag, the report said, citing sources familiar with the matter.

Brewer Anheuser-Busch InBev has sweetened the terms of its $100 billion-plus takeover offer for SABMiller after a fall in sterling since Britain's vote to leave the European Union and a rise in AB InBev's shares reduced the attractiveness of the original terms for SABMiller shareholders.

AB InBev will now offer 45 pounds a share, an increase from the 44 pounds announced in November last year.

The offer values SABMiller at around 79 billion pounds ($104 billion). In November, it was worth around 70 billion pounds, or $106 billion by the exchange rates at the time.