Inbev completes Anheuser-Busch Takeover

20 November, 2008

Belgium-based brewer Inbev has finalised its $52bn (£35bn) takeover of the US's Anheuser-Busch to create the world's largest brewer.

The move follows approval from shareholders of both companies.

Inbev has now changed its name to Anheuser-Busch Inbev “to reflect the heritage and traditions of Anheuser-Busch”.

The new combined portfolio includes Budweiser, Bud Light, Stella Artois, Beck’s, Leffe, Hoegaarden, Skol, Brahma and Michelob.

Carlos Brito, chief executive of Anheuser-Busch Inbev, said: “We are extremely pleased to announce the closing of this historic transaction. By bringing together these two great businesses, we have created a stronger, more competitive global company with a leading international brand portfolio and distribution network, and great potential for growth all over the world.”

August A. Busch IV, President and chief executive of Anheuser-Busch said, “By combining with Inbev, we have created a first-class international consumer products company and the premier global brewer. Together, we will achieve our goals far more effectively than either company could on its own.”

Inbev agreed to sell its Labatt USA business and associated licenses to get approval from the US Justice Department on anti-trust grounds.




Bookmark this


Site Search

COMMENT

Richard Hemming MW: beware inverse snobbery

Few things can bring communal pleasure so intimately as wine. Apart from a hot tub, perhaps. Sport can trigger mass jubilation, film gives us shared empathy, but wine has a nigh-unique ability to bestow conviviality among us through a shared bottle – which makes it especially galling that we spend so much time divided over it.

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter