AB InBev will place SABMiller bid this week

AB InBev will place SABMiller bid this week

After rumours that the world's largest beer brewer, AB InBev, would bid on its closest competitor, SABMiller, the alleged timing has now also leaked. According to insiders, the company would place a bid this week.

The largest by far

Those same insiders quote a 70 billion pound bid (95 billion euro). British stock exchange rules state AB InBev has until 14 October to formally place a bid, but apparently, it will not wait as long.

 

The British Sunday Times paper says both companies had been engaged in talks, which makes it seem like the British company is not opposed to a possible acquisition by the Belgian-Brazilian brewery group. Together, the new company would become the world's largest beer company by far, with Heineken a far distant second.

 

The major advantage for both companies is that they would dominate the world market, as AB InBev is particularly strong in South American markets, while SABMiller does well in African markets.

Questions or comments? Please feel free to contact the editors


Hunkemöller wants to conquer Switzerland

17/08/2017

Dutch lingerie chain Hunkemöller aims to open a chain of physical stores in Switzerland, after having already opened a Swiss web shop in September 2016. The first physical store will open its doors in October.

Shoe brand Bally put up for sale

16/08/2017

Austrian investment firm JAB Holding wants to sell Swiss shoe brand Bally, hoping to get at least 600 million euro. The same company sold shoe brand Jimmy Choo not too long ago, as it wants to focus on its food brands henceforth.

Crocs loses patent battle

14/08/2017

Shoe manufacturer Crocs has lost a patent court case revolving around the shoe’s design. According to the American Patent & Trademark Office (USPTO), another company has had a similar design for much longer.

Coolcat's losses compound

14/08/2017

Dutch fashion chain Coolcat, part of entrepreneur Roland Kahn’s group, has not managed to lower its losses in 2016. On the contrary: its losses grew more than 50 % compared to the year before.

Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Back to top