The two biggest brewers in the world will merge as the terms of SABMiller’s £71 billion buyout by AB Inbev have been agreed, with the new beer giant to be named Newco.
SABMiller has turned down what it calls an “opportunistic” $68 billion takeover offer from AB Inbev, saying that it “substantially undervalues” the company.
Anheuser Busch InBev is reportedly offering an initial £70 billion takeover bid for SABMiller.
Vietnam’s largest brewer, Sabeco, is selling a 53% government stake in the company to private investors.
SAB Miller is the latest drinks company to report a slump in China, as the downturn starts affecting beer rather than just spirits.
The end of June may have marked watersheds for both Diageo and Pernod Ricard, respectively the world’s two leading premium alcohol groups.
US business journals are rife with speculation that AB InBev and SAB Miller may resume merger talks worth US$100 billion.
Eight of Europe’s biggest alcohol firms have agreed to introduce continent-wide rules on the marketing of alcohol.
© 2016 Union Press Ltd | Unit 122, 30 Great Guildford Street, London SE1 0HS, UK | Registered in England and Wales No. 03606414 | Tel: +44 (0)20 7803 2420