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.
The brewing sector has seen steady consolidation in recent years and 2008 was certainly no exception. Olly Wehring reviews a year which began with the protracted takeover of S&N by Heineken and Carlsb...
Anheuser-Busch InBev has completed a US$3bn note pricing....
Anheuser-Busch InBev has not abused its dominant market position in its native Belgium by forcing suppliers to accept unfair terms, Belgium's competition authority has said....
Anheuser-Busch InBev has agreed to sell its remaining 7% stake in Tsingtao Brewery to a Chinese private investor, Chen Fashu, for US$235m....
The top ten stories published on just-drinks this week:...
Anheuser-Busch InBev has reported an increase in profits and a 4.7% rise in like-for-like sales for the first quarter of 2009....
Anheuser-Busch InBev has finally confirmed that it will sell its South Korean brewing operations to private equity group Kohlberg Kravis Roberts (KKR) & Co....
AmBev, the Brazil-based division of Anheuser-Busch InBev, has reported a 10% rise in net sales and a 32% jump in net profits for the first quarter of 2009, driven by a better-than-expected performance...
- No Home Comfort for TWE as Bids Collapse
- Bacardi Seeks Own History at Bombay Sapphire Home
- NPD: The Craft Cocktail Revolution
- Private-equity bids "over" - TWE head
- just The Preview - Constellation Brands' Q2 & H1
- Suntory Holdings to split beer, spirits division
- Carlsberg suspends production at Russian brewery
- Anheuser-Busch InBev appoints new AmBev CEO
- Treasury Wine Estates pulls plug on takeover talks
- Diageo's Smirnoff Sours