BELGIUM: InBev completes Anheuser-Busch deal
InBev said today (18 November) that the new beer monolith, to be named Anheuser-Busch InBev and set to be one of the world's top five consumer goods firms, would begin trading on 20 November.
Completion of the deal follows approval from a majority of A-B shareholders and clearance from the US Department of Justice last week.
The US$52bn takeover represents the largest deal in brewing history, bringing together Stella Artois and Budweiser brands.
InBev said on Friday (14 November) that it has agreed to offload Labatt beer in the US, in order to pacify competition officials.
Carlos Brito, InBev's CEO and who will head the new beer giant, said: "By bringing together these two great businesses, we have created a stronger, more competitive global company with a leading international brand portfolio and distribution network, and great potential for growth all over the world."
A-B CEO August Busch IV will take a seat on the new brewer's board.
Anheuser-Busch InBev will have its global headquarters in Leuven, Belgium, but will also retain A-B's traditional HQ in St Louis.
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