The European Union is opening new investigations into 39 companies that may have benefited from unfair tax advantages in Belgium. These include AB InBev, as well as retail chain Celio.
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Belgian beer giant AB InBev is trying again to get its Asian subsidiary, the Budweiser Brewing Company, floated on the Hong Kong stock exchange. Two months ago, the first attempt failed due to lack of interest.
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AB InBev has had its beers banned from the capital of India, New Delhi, as local authorities say the Belgian brewery group has dodged taxes. The ban is valid for three years.
Brewery group AB InBev has recorded its strongest volume growth in over five years. The company credits three strong global brands and a continuous premium strategy.
AB InBev is launching its American flagship beer Bud(weiser) in the Netherlands, in an attempt to hurt its rival Heineken. At first the beer will only be offered in pubs, retailers are to follow by the end of the year.
Asahi from Japan has bought Australian brewery group Carlton & United Breweries for ten billion euros. Seller AB InBev, the largest brewery group in the world, wants to lower its debt rate with this deal, after the disappointment of a failed IPO.
Belgian beer giant AB InBev has decided to cancel the IPO of its Asian branch: demand for the stock was expected to disappoint due to its launch price, which American investors thought was too high. The supposedly biggest FMCG flotation of all time therefore is no more.
On July 19th, AB InBev's Asian branch will be listed on the Hongkong stock market. The beer giant offers 1.6 billion shares at a rate of 40 to 47 Hongkong dollars (4.5 to 5.3 euros) per share.
Beer brewery AB InBev has acquired the remaining shares of Babe Wine, a company that sells wine in cans. The beer corporation's innovation branch had already invested in the trendy American wine brand earlier on.
AB InBev is going to shift the production of its Budweiser beer for the French market to Belgium, at the Stella Artois brewery in Leuven. The current installations can not cope with the growing demand in France.
The Belgian Tax Office claims 30.44 million euros of tax money from brewery group AB InBev. On Friday, two court cases will be brought before the Dutch-speaking court of first instance in Brussels, despite an existing tax deal.
The European Commission has fined AB InBev 200 million euros because the brewery group has been abusing its dominance in the Belgian beer market, forcing consumers to pay too much for its flagship beer Jupiler between 2009 and 2016.
AB InBev has found growth again: after several years of stagnation, turnover increased slightly in the first quarter. However, a shadow over these positive results is EU commissioner Margrethe Vestager's threats of a fine for abuse of its dominant position in Belgium.
Kraft Heinz CEO Bernardo Hees is to step down on 30 June after a difficult time for the FMCG producer. He will be replaced by Miguel Patricio, currently Chief Marketing Officer at AB InBev.
Olivier Goudet is resigning as chairman of AB InBev due to a possible conflict of interest. He has opted to remain the CEO of JAB Holdings (which includes Douwe Egberts and Keurig Dr. Pepper), and feels he can no longer combine that with his position in the brewery group.
Over the next two years, AB InBev will invest 42 million euros in the expansion of its bottling plant in Hoegaarden, Belgium. In this way, the world's biggest brewer hopes to support the wheat beer's international success.