Both AB InBev and SABMiller's shareholders have overwhelmingly approved the merger between both drink manufacturers. More than 95 % of shareholders, at both companies, approved the deal.
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Belgian brewery Bosteels, which manufactures beers like Kwak and Tripel Karmeliet, has finally found a buyer. Not Heineken or Duvel Moortgat, like the rumours stated, but AB InBev.
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Following its merger with SABMiller, AB InBev will apparently gradually cut 3 % of all jobs, some 5,500 jobs.
Beer brewer SABMiller's board has advised its shareholders to accept AB InBev's increased bid. Only last week, it seemed the merger was on the verge of being cancelled.
The people at SABMiller have halted their preparations for the AB InBev merger for the time being. Several shareholders are no longer satisfied with the acquisition bid, because the value of the pound dropped a lot since then.
AB InBev has decided to increase its SABMiller bid by a pound to 45 pounds per share, after SABMiller's major shareholders asked for an increased bid: they felt the Brexit had devaluated the original bid.
The American government approved the merger between beer companies SABMiller and AB InBev, although it did mention a few conditions to the deal, like a MillerCoors sale.
The European Commission has launched an investigation into breaches against competition law by AB InBev, who allegedly used its dominant position in Belgium to counter the import of its own beers from cheaper markets.
The South African Competition Tribunal approves AB InBev's acquisition of SABMiller, but does hand out several conditions specifically for South Africa. These conditions however seem easily attainable.
American Starbucks and beer brewer AB InBev will launch a new project together, called Teavana. It consists of a new range of premium tea drinks for the market in the United States.
The European Commission has approved the intended merger between beer brewers AB InBev and SABMiller, a major step in the right direction for both companies. However, several other markets still have to approve the deal.
Beer brewer SABMiller's profits dropped significantly last year, because of several African expenses related to its pending merger with competitor AB InBev later this year.
The German cartel office Bundeskartellamt has fined several supermarket chains for their share in a price fixing scheme. Edeka, Metro and Netto all kept the prices of several beers artificially high, while AB InBev is also mentioned in the investigation.
Belgian-Brazilian beer brewer AB InBev has not been able to meet expectations in the first quarter, mainly because of disappointing Brazilian sales. Preparations for the SABMiller merger have also had their impact on profit numbers.
AB InBev hopes 20 % of its beer volume in 2025 will come from non-alcoholic beverages or beverages with low levels of alcohol. CEO Carlos Brito revealed the forecast during its annual general assembly of shareholders.
Dutch beer brand Grolsch is now the property of Japanese beer brewer Asahi, which also purchased Peroni and Meantime. Owner SABMiller had to sell these brands to enable the merger with AB InBev.