The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

SABMiller and AB InBev agree takeover deal

13 October 2015 by

Beer giants SABMiller and AB Inbev are set to merge after the former accepted a takeover offer from InBev worth £44 a share.

The increased offer in a deal worth approximately £70b will see AB Inbev's brands Budweiser, Stella Artois and Corona coming together with those of SABMiller including Peroni and Grolsch.

According to the BBC, SABMiller has a workforce of close to 70,000 people in more than 80 countries, and global annual sales of more than $26b. AB InBev has a workforce of 155,000 and global revenues of more than $47b.

The two companies have not yet formally finalised the deal, but the latest development means they have extended the City deadline for a firm offer until 28 October.

SABMiller, founded in Johannesburg in 1895, makes about 28% of its revenue in Africa.

Matthew Davies, a BBC business reporter in Johannesburg, commented: "As it stands, and if this deal goes through, it would mean that the merged entity would control 31% of global beer sales."

Carlos Brito, the chief executive of AB InBev, has said that Africa is a "key piece" of the deal.


*Are you looking for a new role? See all the current hospitality vacancies available with The Caterer* Jobs >>

Latest video from The Caterer

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking