BELGIUM: Anheuser-Busch InBev CEO cool on acquisitions - report
Anheuser-Busch Inbev CEO Carlos Brito gives rare interview
Anheuser-Busch InBev's CEO has said that the brewer feels no need to chase acquisitions, according to a report.
In a rare interview, Carlos Brito was quoted in Belgium's De Tijd newspaper as saying that the Budweiser brewer is focusing on organic growth. He cooled talk that A-B InBev is back on the acquisition trail. "We feel that we have the right scale, are in the right markets and have the appropriate brands," Brito told the newspaper.
It is two-and-a-half years since Belgium-based InBev bought A-B for a brewing industry record price of US$52bn, and speculation has grown as to the brewing giant's next move.
Some analysts have linked A-B InBev with a possible move for its biggest rival, SABMiller, while, more recently, the brewer has become indirectly involved in the Foster's Group takeover saga. Mexico's Grupo Modelo, in which A-B InBev holds a 50% non-controlling stake, is reported to have been considering a bid for Foster's. First, however, Modelo would have to secure A-B InBev's consent.
Brito said that, although A-B InBev has an inward focus, "we naturally consider possible scenarios: what if A merges with B? What would be the risk? Could we do something?"
To read the full De Tijd interview, in Flemish, click here.
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