On Friday, Anheuser-Busch InBev will announce its second-quarter and half-year results. Here, just-drinks looks at the global beer company’s activities in the three months to the end of June.
- Dominating the quarter – again – was ABI’s pending takeover of SABMiller. In mid-April, the brewer got the South African Government onside thanks to a plethora of pledges. A few days later it formally agreed to Asahi’s offer of US$2.9bn for SAB’s Grolsch, Meantime and Peroni Nastro Azzuro brands, upon closure of the SAB move. Then, at the end of April, SAB’s Central and Eastern Europe footprint was put on the block. Here’s what is up for sale, again dependent on the transaction’s completion. Australia’s competition commission gave its blessing to the larger deal in May, followed by the European Union later in the month. Back to South Africa, and ABI was informed in late-May that it would have to offload SAB’s 27% stake in multi-category group Distell to secure clearance. Canada was next up to okay the deal in June. Then, at the end of the month, South Africa’s Competition Tribunal recognised the brewer’s efforts and gave its approval. As of today, 27 July, only China remains as the main hurdle for the purchase to clear. Although, there may yet be a twist in the tail.
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