AB InBev says it is ‘surprised’ at SABMiller’s reaction to its mega-brewer proposal: after SABMiller yesterday rejected a $103.6bn / £68bn takeover approach.
Anheuser-Busch InBev has made an offer to SAB Miller, valuing the company at around $103.6bn / £68bn, it announced this morning. It says the combination of the two companies can build ‘the first truly global beer company.'
AB InBev has this morning confirmed it has approached SABMiller regarding a combination of the two companies, which could create an estimated $275bn mega-brewer.
Anheuser-Busch InBev (AB InBev) says its keen to capture a larger ‘share of throat’ from wine, hard liquor and other drinks by creating new consumption occasions for beer.
Anheuser-Busch InBev will pay $5.8bn for South Korea’s largest beer player Oriental Brewery and says the deal provides a platform to export brands including Cass more widely.
InBev UK has recalled three batch codes of Stella Artois cider due to a risk of fermentation that may cause bottles to burst unexpectedlty, according to the Food Standards Agency (FSA), which has issued a product recall notice.
InBev is already beginning to see the benefits of last year's
merger of Belgian brewer Interbrew and Brazil's AmBev, with volume
sales in 2004 growing at more than twice the rate of the global
beer market as a whole. And...
Interbrew is to take back the production and distribution of its
Stella, Labatt and Leffe brands in Italy, putting an end to a
seven-year agreement with rival brewer Heineken.
