Anheuser-Busch InBev agrees Asahi's offer to acquire SABMiller's Peroni, Grolsch and Meantime
Anheuser-Busch InBev has agreed Asahi's offer to acquire SABMiller's European premium brands
AB InBev, which put the SABMiller-owned brands up for sale last year after it secured the takeover of the UK-headquartered company, said today that it has agreed to Asahi's EUR2.55bn (US$2.87bn) offer for the Peroni, Grolsch and Meantime "brand families" and associated businesses in Italy, the Netherlands, the UK and internationally. The Japanese group's offer was first announced in February.
The deal is conditional on the closing of AB InBev's acquisition of SAB, while the European Commission must also approve the Asahi transaction. AB InBev said the deal "excludes certain US rights" for the beer brands.
Earlier this month, AB InBev took a major step towards securing South African clearance for its takeover of SAB. Following the extension by South Africa's competition commission of its review of the transaction, AB InBev rreceived agreement from the Government for a package of commitments in the country. The agreement will hasten the commission's review, according to the brewer.
Anheuser-Busch InBev NV has an extensive strategic policy having just bought the American company SABMiller in 2015....
Anheuser-Busch InBev’s top domestic priorities in 2016 are to expand its premium beer offerings whilst elevating consumer sentiment towards core brands....
Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organi...
Asahi Breweries Ltd aims to increase its sales over the forecast period by strengthening its beer business through the offer of new added-value products. In addition, the company will seek to expand i...
- The end is nigh for Global Travel Retail - Comment
- Five ways small brands can beat big players
- Interview, Bulldog Gin founder Anshuman Vohra
- Pernod Ricard's Q1 results - Preview
- Pernod Ricard Q1 2017 results by region, brand
- Diageo most at risk to Thai alcohol ban - analyst
- Jobs at new India hub won't affect staff - Diageo
- Stumbling UK Pound prompts Conviviality price hike
- US craft spirits could be as big as craft beer
- AB InBev fund ZX Ventures buys homebrew co
- Global gin insights - market forecasts, product innovation and consumer trends
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends
- Global rum insights - market forecasts, product innovation and consumer trends
- Global Wine Market 2016-2020
- Global RTD insights - market forecasts, product innovation and consumer trends