The world’s two biggest brewers agreed on Tuesday to create a company making almost a third of the world’s beer after SABMiller (SAB.L) received an improved offer worth more than $100 billion from larger rival Anheuser-Busch InBev (ABI.BR).
If it goes through, the deal would rank in the top five mergers in corporate history and be the largest takeover of a UK company.
The new group would bring together AB InBev’s Budweiser, Stella Artois and Corona brands with SABMiller’s Peroni, Grolsch and Pilsner Urquell. For AB InBev it would also add more breweries in Latin America and Asia and crucially opens up new growth markets in Africa.
Africa is expected to see a sharp jump in the legal drinking age population in coming years and a fast-growing middle class more willing… CLICK HERE TO READ THE FULL STORY AT REUTERS
