AB InBev struck a deal with Japanese Asahi Group to sell its Central and Eastern European SABMiller activities for 7.3 billion euro.
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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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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 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.
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.
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.
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.
Japanese beer brewer Asahi has acquired SABMiller's Grolsch and Peroni beer brands, which it was forced to sell to enable a merger with Belgian AB InBev.
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.