AB InBev and SABMiller agree takeover proposal
Posted: 13 October 2015 | Victoria White | No comments yet
SABMiller has said that it has reached an agreement in principle on the key terms of a £70 billion takeover offer from AB InBev…
SABMiller rejected previous offers from AB InBev saying that the offers substantially undervalued the company.
Combined companies would become the world’s biggest brewer if the £70 billion deal goes ahead
If the deal, worth approximately £70 billion, eventually goes ahead, the combination of AB InBev and SABMiller would result in a super brewer that would also be one of the world’s leading consumer products companies. The combined group would have operations in virtually every major beer market, including key emerging regions with strong growth prospects such as Africa, Asia, and Central and South America.
AB InBev is already one of the world’s top five consumer products companies. The company’s portfolio comprises over 200 beer brands including Budweiser, Stella Artois and Corona. AB InBev has approximately 155,000 employees based in 25 countries worldwide. In 2014, AB InBev realised $47.1 billion revenue.
SABMiller’s has a portfolio of more than 200 beers, including Peroni and Grolsch. The group employs around 69,000 people in more than 80 countries.