AB InBev-SAB Miller deal moves closer after shareholder vote

Image copyright Getty Images

Budweiser owner Anheuser-Busch InBev"s takeover of rival SAB Miller has moved a step closer after its shareholders approved the mega-deal.

SAB Miller"s shareholders are due to vote on the deal later on Wednesday.

The takeover will create the world"s largest beer firm, producing almost a third of the world"s beer.

The pair originally agreed the deal last year, but in July AB InBev was forced to raise its offer after a fall in the pound following the Brexit vote.

Following the weakening of the pound, AB InBev raised its offer by £1 a share to £45 a share, valuing SABMiller at about £79bn.

Brand sales

"We are pleased that our shareholders" vote brings us one step closer to combining our companies, teams, strong heritage and passion for brewing," said AB InBev chief executive Carlos Brito.

"We are committed to driving long-term growth and creating value for all our stakeholders."

SABMiller counts Peroni, Pilsner Urquell, and Grolsch among its stable of brands, while AB InBev produces Stella Artois, Corona, Leffe and Beck"s.

However, to get the deal past regulators, AB InBev has already agreed to sell SABMiller"s Peroni, Grolsch and Meantime brands to Tokyo-based drinks company Asahi.

The takeover is expected to boost AB InBev"s prospects in developing markets in Africa and China, where a SABMiller joint venture produces Snow, the world"s best selling beer by volume.

Original Article

AB InBev-SAB Miller deal moves closer after shareholder vote
http://latiendadejm.com/blog/ab-inbev-sab-miller-deal-moves-closer-after-shareholder-vote/

| | La tienda de JM