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Europe/Russia
The two brewers now have until 11 November 2015 to finalise the terms of their proposed USD 104 billion transaction.
Europe/Russia
AB-InBev, which is in the process of taking over rival SABMiller, reported on 30 October 2015 a 45 percent decline in the third-quarter net profit. However, EBITDA improved, along with strong top line results and higher volume.
Europe/Russia
The family controlled Dutch beer company saw global beer sales in the third quarter of 2015 increase 7.5 percent year-on-year, topping EUR 15 billion in revenue for the first nine months of 2015, it was reported on 28 October 2015.
Europe/Russia
True, the supermarket chain Tesco has heaps of problems of its own, but perhaps it’s also a sign of the times that retailers think that a reduction in SKUs will take complexities and costs out of their operations.
Europe/Russia
Who or what reined in Belgium’s legislators? Was it political sense or successful lobbying? In any case, the beer tax hike as of 1 November 2015 will not be as high as proposals suggested in July this year.
Market
Given that Belgian beer consumption has dropped almost a quarter over the past twenty years to 72 litres per capita while one in three breweries shut its doors over the past seventy years, an American delegate at the recent Beer Bloggers Conference in Brussels could be forgiven for asking pointedly: “Are we supposed to be shocked or relieved by these numbers?” He got no reply. Which is no surprise as Belgium’s 160 brewers are so used to facing strong headwinds both domestically and in their export markets that “resilience” must be their middle name.
Europe/Russia
Is the recent asset swap between Heineken and Diageo a sign that brewers’ promiscuous days are over? Diageo and Heineken announced on 7 October 2015 that they have agreed to unbundle their ownership ties related to their beer businesses in Ghana, Jamaica, Malaysia and Singapore, resulting in a cash payment of USD 780.5 million to Diageo.
Europe/Russia
As AB-InBev and SABMiller hammer out the final terms of their deal and the beer industry catches its breath from Tuesday’s ground-breaking USD 104 billion offer, it’s time to congratulate SABMiller’s feisty Chairman Jan du Plessis on a job well-done. He managed to squeeze as much out of AB-InBev as was possible.
Europe/Russia
It took the head of The Public Investment Corp (PIC), a South African state-owned pension fund and SABMiller’s fourth-largest shareholder, to point out the obvious: a takeover of SABMiller by AB-InBev would not only create a global brewer, which controls about 30 percent of the world’s beer volumes and a mind-blowing 58 percent of all beer industry profits, it would above all establish a monopoly that is too dominant and thus will hurt consumers.
Europe/Russia
Man, some people are really stupid. They drink beer from shoes and boots at the Munich Oktoberfest – should you need proof. How disgusting.
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BRAUWELT on tour
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BRAUWELT on tour
