News

Anheuser-Busch InBev's SABMiller takeover could take 18 months

Most popular

Van Boxmeer leaves behind a more worldly Heineken

Heineken’s footprint leaves big shoes to fill

Diageo in North America - Focus

How drinks brands can take advantage of TikTok

just-drinks speaks to Pernod's CEO of EMEA & LatAm

MORE

Completion of Anheuser-Busch InBev's purchase of SABMiller could take as long as 18 months, just-drinks has learnt.

ABInBev might not assume control of SABMiller until May 2017

ABInBev might not assume control of SABMiller until May 2017

Last week, AB InBev received the go-ahead from SABMiller's board for its US$107bn-takeover of the UK-headquartered company. At the time, the two brewers said the purchase would complete in the second half of 2016.

However, SABMiller has confirmed to just-drinks that, in the finer detail of last week's announcement, it says that it could be May 2017 or beyond before A-B InBev takes contol.

SABMiller said that the pair agreed "a final deadline for change of control in May 2017, which they could agree to extend further if necessary". The firm put the long deadline down to the uncertainty of the timing of regulatory approvals across global markets.

Although the sale of SABMiller's stake in MillerCoors to Molson Coors will likely appease US anti-trust authorities, many have suggested there will be snags in other markets.

Earlier this week, SABMiller's Canadian division released a statement to assure customers that the company would maintain its competitive pace until the transaction closes. "SABMiller, A-B InBev and MolsonCoors remain competitors," the unit said yesterday.

For just-drinks' full coverage of AB InBev's pursuit of SABMiller, click here


Related Content

What does Anheuser-Busch InBev's Craft Brew Alliance buy mean for US beer? - Comment

What does Anheuser-Busch InBev's Craft Brew Alliance buy mean for US beer? - Comment...

Anheuser-Busch InBev CEO Carlos Brito defends South Africa weakness

Anheuser-Busch InBev CEO Carlos Brito defends South Africa weakness...

Why is Anheuser-Busch InBev bidding farewell to its CFO? - comment

Why is Anheuser-Busch InBev bidding farewell to its CFO? - comment...

Anheuser-Busch InBev Performance Trends 2014-2018 - results data

Anheuser-Busch InBev Performance Trends 2014-2018 - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?