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.
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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.
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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.
Belgian beer brewer AB InBev has promised to create a South African investment fund to finalize the SABMiller merger faster. It also says every South African employee will keep his job after the merger.
The South African Competition Commission has decided to continue its investigation into the SABMiller - AB InBev merger. They had until today to reach a conclusion, but will not make that deadline.
Beer brewery AB InBev's fourth quarter of 2015 has remained largely below expectations, with mostly its American beer sales remarkably below par.
Flemish Bart Grieten will lead AB InBev's European breweries, starting in March when he takes over from Ludo Degelin. After 37 years with the company, Degelin will now move on to other things.
Agricultural and garden supplier Aveve has appointed Eric Lauwers, currently active with AB InBev, as its new CEO. He will succeed Hendrik Soete, who will enjoy his retirement from July onward.
AB InBev and SABMiller will have no problem selling Dutch Grolsch and Italian Peroni in order to get their own merger approved. There are an increasing number of interested parties, which now include Thai Beverage.