Tag Archives: AB Inbev

AB InBev to sell stake in Zambia’s National Breweries to Zimbabwe’s Delta Corp

Delta Corporation, Zimbabwe’s largest brewer and a unit of AB InBev said on Thursday that it has reached an agreement to acquire a controlling interest in National Breweries of Zambia.

In a released statement, Delta said that equity is being acquired from Heinrich’s Syndicate, also a subsidiary of AB InBev.

“The equity is being acquired from Heinrich’s Syndicate, a subsidiary of AB InBev. The transaction is subject to various regulatory approvals. The impact of this transaction is currently being determined but is not material for Delta,” said Alex Makamure, Delta’s Company Secretary.

AB InBev completes divestment of interest in Coca-Cola Beverages Africa

Anheuser-Busch InBev announced on Wednesday that it had completed the sale of its 54.5% equity stake in Coca-Cola Beverages Africa (CCBA), the continents largest Coke bottler to The Coca-Cola Company (TCCC) for $3.15bn after customary adjustments, as announced on December 21, 2016.

CCBA was formed in 2016 through the merger of SABMiller’s African non-alcoholic beverage interest with The Coca-Cola Company’s South African operations and the Gutsche Family Investments, the owners of South African-based Coca-Cola Sabco.

Anheuser-Busch pledges to create 10,000 jobs in South Africa by 2021

South African Breweries (SAB), a subsidiary of Anheuser-Busch InBev in South Africa, on Monday unveiled an ambitious programme to create 10,000 jobs in South Africa by 2021.

AB InBev which last year acquired SABMiller, a brewer with deep roots in South Africa said the jobs to be created would come from the company’s various entrepreneurship schemes such as SAB Kickstart, SAB Foundation, SAB Thrive and SAB Accelerator, as well as its agriculture programmes to grow emerging farmers.

AB InBev, Anadolu Efes to combine operations in Russia, Ukraine

Anheuser-Busch InBev and Anadolu Efes, Turkey’s largest brewer announced on Wednesday that they have agreed to merge their businesses in Russia and Ukraine as part of an effort to bolster their businesses in a slowing market.

The Russian market which was once embraced by big international brewers has declined in recent years due to a weak economy, international sanctions and government regulation to curb drinking by raising taxes and limiting sales.

Budweiser set to lock horns with Heineken, Guinness in Africa

Anheuser-Busch InBev CEO Carlos Brito said its Budweiser brand will triumph over Heineken and Guinness in Africa’s biggest beer markets.

Brito was speaking to analysts on Thursday, following AB InBev’s second quarter and half-year 2017 results.

He said that the big beer merger of last year which combined the markets and brands formerly owned by SABMiller with its own brands opened up new markets in Africa for its global brands – Budweiser, Stella Artois and Corona.

AB InBev toasts strong Q2 and half-year results

Anheuser-Busch InBev hailed a strong first-half to 2017 as revenue grew 5% to $14bn in the three months to the end of June and 4.4% to $27bn in half-year.

The world’s largest brewer by sales credits its strong performance to a combination of benefits reaped from its merger with SABMiller last year and revenue management initiatives as well as premiumization. The company said it saved $335m from synergies in Q2 alone.

AB InBev said total beer volume grew 1%, with its own beer volumes up 2.1%, driven by growth in South Africa, Mexico and Australia despite continued struggles in the U.S. and Brazil, two of its largest markets.

AB InBev buys Energy drinks firm Hiball

Anheuser-Busch InBev on Thursday announced the acquisition of Hiball Inc – an energy drinks company based in San Francisco, California. The terms of the deal were not disclosed.

Hiball was founded in 2005 and makes a line of energy drinks with ingredients such as guarana and ginseng, as well as Alta Palla, a line of sparkling juices.

AB InBev said it plans to deliver Hiball products to new markets, while preserving their culture and brand identities.

AB InBev to spend $206.7m in South African subsidiary

Beer giant Anheuser-Busch InBev (AB InBev) announced on Tuesday an ambitious investment of R2.8bn rand ($206.7m) in expansion at its South African subsidiary, South African Breweries Limited (SAB).

The upgrade which would take place at two of its breweries in Alrode and Rossylyn, will add new packaging lines for returnable glass bottles at both breweries and a brewhouse at the Rossyln plant. Each packaging line will handle 45,000 bottles per hour, adding a total of four million hectolitres of capacity per year. The endeavour will create up to 70 additional full-time jobs, the company said.

Coca-Cola reaches agreement with South Africa over CCBA

Coca-Cola said on Thursday that it had reached an agreement with the South African government on a package of conditions addressing public interest considerations in connection with the proposed acquisition of AB InBev’s 54.5% stake in Coca-Cola Beverages Africa (CCBA).

The soft drinks giant reaffirmed its commitment to honour all merger conditions agreed with South African regulators when CCBA opened for business in 2016. Coke also agreed to ensure that the majority shareholder of CCBA will honour all merger conditions agreed at the creation of the company.

Anheuser-Busch InBev moves to merge its breweries in Nigeria

Anheuser-Busch InBev (AB InBev), the world’s largest brewer took steps on Tuesday to consolidate its operations in Nigeria.  International Breweries Plc, a subsidiary of the Belgian brewer announced on Tuesday that the Board of Directors of the three independently operated breweries controlled by AB InBev, namely International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited have agreed to explore a merger of their operations subject to regulatory and shareholder approvals.