World’s biggest beer company
Anheuser Busch InBev to purchase SABMiller in US$106-billion deal making it the largest beer company in the world.
It only took six times of asking—and US$106-billion—but Belgian-Brazilian Anheuser Busch InBev has finally got British-based SABMiller to sell, creating the world’s largest beer company. In principle.
This means that ABInBev has until October 28, 2015 to come up with a formal offer, with the two breweries hammering out the terms and conditions, not to mention the all important financing. ham
SAB Miller brands include: Foster’s, Peroni and Grolsch; AB InBev brands include: Budweiser, Labatt, Corona and Stella Artois.
The merger of the two beer giants will mean the combined company will control approximately 31 percent of the world’s beer sales, with annual sales of US$73.3-billion.
The second-largest beer company is Heineken with a nine percent market share.
In 1995, Labatt became a part Anheuser-Busch InBev. Its chief rival Molson, merged its U.S. operations with Coors to form MolsonCoors, which is now under the rival SABMiller umbrella.