According to media reports, Anheuser-Busch InBev have approached SABMiller about a potential takeover in a deal that would create the world’s biggest beer maker.
If the deal were to take place it would bring some of the world’s most popular beers under one roof including Budweiser, which is made by Anheuser-Busch InBev and Miller Lite from SABMiller.
The news sent SABMiller’s stock soaring by 23 percent in midday trading in London on Wednesday, Shares in SABMiller soared by more than 22% following the announcement, raising the company’s stock market value to about $93 billion, while AB InBev rose 11%. SABMiller have advised shareholders “to retain their shares and to take no action.”
In a statement, SABMiller said: “No proposal has yet been received and the board of SABMiller has no further details about the terms of any such proposal”.
Should it go through, the SABMiller acquisition would allow AB InBev to tap into SABMiller’s dominant market position in Africa, where its brewing operations span more than 15 countries.
SABMiller is one of the world’s largest brewers. Its brands include Peroni Nastro Azzurro and Grolsch. The company posted revenue of $22.1 billion for the 2015 fiscal year ended in March.
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