Megabrew deal looks set to go ahead
Anheuser-Busch InBev (AB InBev) said this morning that its shareholders have approved its $100bn-plus takeover of rival brewer SABMiller.
The takeover is set to create the world’s largest beer firm, producing almost a third of the world’s beer.
SABMiller shareholders will vote on Wednesday on whether to accept AB InBev’s 45 pound-per-share offer for the world’s second-largest brewer, as well as an alternative partly composed of AB InBev shares.
“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.”
While AB InBev produces Stella Artois, Corona, Leffe and Beck’s, SABMiller boasts Peroni, Pilsner Urquell, and Grolsch among its stable of brands.