Wed, 11 Nov, 2015
Anheuser-Busch InBev has lined up the long-expected purchase of SABMiller, with talks between the two finally securing a deal.
The companies said in a joint statement on November 11, 2015 that a new Belgian company, called Newco, will acquire SABMiller. AB InBev will also merge into Newco. The transaction, comprising a cash offer of GBP44 per share and a 'partial share alternative', values SABMiller at around GBP71bn (US$107.3bn).
Mon, 9 Nov, 2015
Anheuser-Busch InBev has agreed in principle to acquire global rival SABMiller in the biggest ever deal in drinks history, and one of the top five in the corporate world. But it has been a long path to today's historic news. Below is a digest of the most significant moments in the creation of “MegaBrew”.
May 2002: South African Breweries (SAB) buys Miller Brewing from tobacco giant Philip Morris to create what was, at that time, the world's second largest beer group behind Anheuser-Busch.
Wed, 28 Oct, 2015
SABMiller has been granted an extension on today's deadline for Anheuser-Busch InBev to make a firm takeover offer.
The UK Panel on Takeovers & Mergers has given the brewers a new deadline of 1700 GMT on 4 November.
On 13 October, SABMiller recommended a takeover offer from Anheuser-Busch InBev for GBP44 per share, valuing the company at around GBP68bn, with the initial deadline for agreement set for 1700 today.
Wed, 28 Oct, 2015
Heineken reported an 8% increase in Q3 sales on October 28, 2015. Below is a closer look at the group's performance by region in the three months to the end of September:
Africa, Middle East & Eastern Europe
Consolidated sales up 7.5% in organic terms. Volumes flat at 0.3%.
Volume growth in Ethiopia, Nigeria, Algeria, Egypt and Rwanda was offset by lower volumes in Russia, Belarus, Democratic Republic of Congo and Burundi. Excluding Russia, consolidated beer volume would have increased mid single digit, the company said.
Tue, 13 Oct, 2015
Anheuser-Busch InBev has agreed to buy its main rival SABMiller for £68 billion ($104 billion), creating a super brewery with sales of $55 billion.
The combined firm will be the world's largest beermaker by far, with nine of the world's top 20 beers by volume.
AB InBev (BUD) will offer most SABMiller (SBMRY) shareholders £44 ($67.59) per share for the maker of Miller Lite, Pilsner Urquell and Peroni, a premium of roughly 50% over the share price before acquisition rumors started flying
Mon, 12 Oct, 2015
TORONTO -- The loyalties of craft beer aficionados were put to the test Friday when the owners of Mill Street Brewery, one of Canada's leading makers of craft beers, announced plans to be swallowed by Labatt Breweries in a takeover.
Under the agreement, the privately held Toronto company will belong to the world's largest brewing group, owned by Belgian company Anheuser-Busch InBev. Those prospects didn't sit well with some of the company's longtime customers.
Thu, 8 Oct, 2015
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.”
Mon, 28 Sep, 2015
AB InBev could make its offer for SABMiller this week, with reports over the weekend suggesting a $106bn bid is on the cards.
Mon, 28 Sep, 2015
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.
Fri, 25 Sep, 2015
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.