Budweiser’s parent company Anheuser-Busch InBev (AB InBev) has confirmed its acquisition of SABMiller in a billion-dollar deal which sees the world’s two leading beer companies combine to create “a truly global brewer”.
The £79bn merger between the Belgian AB InBev and the London-based brewer is the third largest acquisition in history and the largest ever in the UK, according to the Financial Times.
SABMiller’s brands include Fosters while AB InBev’s portfolio features Bud Light, Budweiser and Stella Artois. The combined company will have $55 bn of annual sales.
Announcing the deal had concluded, Carlos Brito, CEO of AB InBev, said, “As a truly global brewer, we will be able to achieve more together than each of us could separately.
“We remain focused on delivering superior top-line growth and increasing shareholder value. Building on our strong heritage, passion for brewing and expanded brand portfolio, we are also committed to helping farmers, retailers, entrepreneurs and communities thrive.
“We are excited to work toward our dream: bringing people together for a better world. Our ambition is to build a company to last – not just for a decade, but for the next 100 years.”
AB InBev announced the merger will a give the company a stronger presence in key emerging markets, such as Africa and Latin America.