BELGIUM: InBev SUN Interbrew transaction completed
InBev has closed its transaction with SUN Trade and Alfa-Eco. The brewing giant said yesterday (31 January) that, following its acquisition of the two group's shares in the Russian brewer SUN Interbrew, it now owns 97.3% of the voting shares and 98.8% of the non-voting shares in the company. This in total gives it a 98.5% economic interest in SUN Interbrew.
In a statement, InBev CEO, John Brock said: "Our Russian and Ukrainian operations are highly successful, and we are very pleased to have increased our ownership of this important business to 98.5%.We look forward to continuing to build SUN Interbrew's business in the coming years."
As previously announced, InBev intends as soon as it is practicable to make an offer to the remaining minority shareholders in SUN Interbrew and to de-list the company in due course.
The global roll-out of InBev's Brazilian beer, Brahma, adds a third premium brand to the global brewer's international portfolio but some observers have suggested it's an unnecessary step which threat...
InBev, the world's largest brewer by volume, said it has achieved overall organic volume growth of 4.1% in the first quarter of 2005, to 47.3m hectolitres, despite tough conditions in the US and Weste...
Interbrew is launching its most aggressive consumer drive yet for its Stella Artois this summer. The company said that its 2005 marketing activity will be spearheaded by a value-added consumer promoti...
Interbrew UK has launched a new advertising campaign for Leffe....
Stella Artois is to launch a new global advertising campaign, according to press reports....
InBev has sold its majority stake in Bosnia's Uniline brewery, according to local reports....
InBev has made an offer to acquire the remaining minority interests in its Russian business SUN Interbrew Ltd (SIL) that it doesn't own, at a price of US$33.41 in cash per security....
The Bosnian government has put a majority stake in the country's brewery Banjalucka Pivara up for sale. Previous efforts to privatise the brewer have failed....
- Have spirits companies forgotten the mainstream?
- Does alcohol accelerate the onset of dementia?
- Pernod's mood darkens over India - Analysis
- Why Scotch must drop the 'malts good, blends bad'
- Ashwagandha - The next functional drinks trend?
- Moet Hennessy unaffected by LVMH Dior buy
- Diageo to cut 105 jobs in Scotland, 50 in Italy
- Distell acquires majority stake in Cruz Vodka
- Portman Group heads to Tesco for new chief exec
- William Grant names Europe & NA Travel Retail head
- Global Scotch insights - market forecasts, product innovation and consumer trends
- Global Champagne and sparkling wine insights - market forecasts, product innovation and consumer trends
- Battle of the Generations - The fight for iGen, Millennial, Gen X and Baby Boomer consumers
- Myanmar - ISA Country Report
- Global vodka insights - market forecasts, product innovation and consumer trends