Anheuser-Busch InBev took a 24% stake in Anadolu Efes as part of its takeover of SABMiller

Anheuser-Busch InBev took a 24% stake in Anadolu Efes as part of its takeover of SABMiller

Anheuser-Busch InBev and Anadolu Efes have completed the combination of their existing Russia and Ukraine businesses. 

The deal, which was announced in August last year, comprises a 50:50 merger. The new entity is called A-B InBev Efes.

The move follows A-B InBev's acquisition of a 24% stake in Anadolu Efes as part of the company's combination with SABMiller, which completed in October 2016. SAB secured the stake in 2011, when it agreed to hand its Russian and Ukrainian beer operations to Anadolu Efes.

"The combined business will be fully consolidated in the Anadolu Efes financial accounts," A-B InBev said. "As a result, A-B InBev will stop consolidating these operations and account for its investment in A-B InBev Efes under the equity method."

The merged entity's portfolio includes both international and local brands. Terms of the agreement were not disclosed. 

When the deal was announced last year, the companies said that both A-B InBev and Anadolu Efes will have equal representation on the A-B InBev Efes board.

just-drinks speaks to Anheuser-Busch InBev CEO Carlos Brito - Click here to read a two-part interview from last month

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