BELGIUM: Merger is of equals, says Interbrew CEO
The new CEO of InterbrewAmBev has defended the merger against criticisms that the deal is overly complicated and clouds control. Interbrew and AmBev agreed yesterday to combine their businesses in a €9.2 billion stock and debt swap.
Appearing with AmBev co-chairman Marcel Herrmann Telles yesterday, Brock said that the new company "would be a truly organised brewer that will play in Europe, Asia and the Americas."
When asked how Interbrew's majority stake in AmBev could allow his company to claim the deal as a true merger with joint control, Brock proceeded to hold up four fingers on each hand and say: "From a pure voting standpoint, it's equal control." The new 14-member board for the joint company will have four managers from each side. The remaining six members will be independent.
Brock also added that further acquisitions were possible. "InterbrewAmBev will look carefully at the rest of the world," he said.
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...
Functional soft drinks are relatively undeveloped in Latin America in comparison with Europe but there is significant growth potential. Hope Lee of industry analysts, Euromonitor International, examin...
InBev has announced that the deadline for the receipt of acceptances for the recommended offers of US$33.41 for the remaining Class A (non-voting) shares in SUN Interbrew, along with Class A Securitie...
SUN Interbrew is looking to buy into a Siberian brewer, according to local press reports....
Interbrew UK has announced plans to launch a new speciality beer....
InBev has extended the deadline for the receipt of acceptances for the recommended offers of USD33.41 in cash for the remaining shares and Securities that it does not already own in SUN Interbrew (SIL...
The Brazilian brewer AmBev, now part of the InBev empire, said yesterday that its first quarter net income had fallen 52.7% to R$144.2m....
AmBev Peru is to launch a new beer in the market that will bring competition to a market so far dominated by the monopoly of Union de Cervecerias Peruanas Backus & Johnston SAA, or Backus....
- Analysis - SABMiller to add bolt-ons in Africa?
- A-B InBev's Move on Tennent's Super Makes Sense
- India: Everyone's Favourite Spirits Market
- Brand Diversification Driving Craft Brewery Growth
- Analysis - Stock Spirits: Poland's number one
- Diageo scraps Arthur's Day, but singer left sad
- Pernod Ricard's Café de Paris Pear, Pomegranate
- PepsiCo CEO sees "profound" change in US consumers
- William Grant sinks GBP185,000 into "No" camp
- SodaStream silent on John Lewis pullout in UK