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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.
Europe/Russia
As the talks between AB-InBev and SABMiller drag on, more and more critical voices can be heard via an all too willing international media, arguing that the
Europe/Russia
For the potential ignominy of losing the battle against AB-InBev, SABMiller’s managers will be royally rewarded. According to The Guardian newspaper, around 1,700 top managers at brewer SABMiller could be in line for payouts averaging USD 1 million (GBP 650,000) each, if AB-InBev succeeds in taking SABMiller over.
Europe/Russia
To say that beer is in vogue nowadays is the understatement of the year! Recently, hobby brewing has become really popular not only here in Belgium but with our neighbours too, some of whom have developed into real craft brewers.
Europe/Russia
Being the biggest is also best for shareholders, it seems. In the past three years alone, the Belgian family shareholders in brewer AB-InBev received dividends totalling EUR 2.2 billion (USD 2.5 billion), a report by the Belgian magazine Trends (16 September 2015) says. By comparison, the Heineken family received about EUR 950 million in dividends between 2000 and 2014, according to estimates by the UK’s Sunday Times and Dutch media.
Europe/Russia
Plans to introduce minimum unit pricing for alcohol in Scotland face further delay, following an initial ruling by Europe's highest court. The European Court of Justice advocate general, Yves Bot, said on 3 September 2015 that the move risked infringing EU rules on free trade. In an official opinion, he said minimum pricing would only be legal if it could be shown no other mechanism could protect public health.
Europe/Russia
So it will be MegaBrew after all? AB-InBev, the world’s number one brewer has approached the world’s number two brewer, SABMiller, to explore a tie-up, which analysts have dubbed MegaBrew. In a statement on 16 September 2015, SABMiller said it had been informed that AB-InBev intends to make a bid proposal for the company.
Europe/Russia
Long time, no hear about anyone courting the world’s number two brewer SABMiller. Deal rumours died down after in September last year Heineken publically rebuffed an offer by SABMiller to combine.
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BRAUWELT on tour
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BRAUWELT on tour
