Thursday 29 September 2016

World's largest brewer AB InBev makes new €92bn bid for rival SABMiller

Robert-Jan Bartunek and Philip Blenkinsop

Published 07/10/2015 | 08:47

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Anheuser-Busch InBev, the world's largest brewer, has increased its bid for its largest rival SABMiller to £42.15 per share in cash, valuing the company at nearly £68bn (€93.47bn).

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The company said in a statement it had made two prior offers for SABMiller with the second one at £40 per share.

AB InBev said it believed the offer would be attractive to SABMiller shareholders, adding it was disappointed the British company had rejected both previous approaches.

The merged group would add Africa and certain Latin American and Asian breweries to AB InBev's large presence across the Americas and bring SABMiller's Peroni, Grolsch and Pilsner Urquell to AB InBev's existing line-up including Budweiser, Stella Artois and Corona

SABMiller was not immediately available for comment.

For many this would be the end-game of consolidation in brewing with the big four - AB InBev, SABMiller, Heineken and Carlsberg - already present across the globe and brewing more than half of the world's beer.

Reuters

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