Tag Archives: SABMiller

International Breweries narrows loss in Q3 as low FX liquidity linger

International Breweries Plc (“IB Plc”), the Ilesha-based brewer owned by Anheuser-Busch InBev (AB InBev) on Tuesday reported a net loss of –N473m in the first nine months of its financial year (Apr – Dec 2016), a much smaller loss when compared to the first quarter and half-year when it recorded an abysmal –N1.7bn and –N1.9bn loss respectively.

AB InBev set to shed weight in South Africa

Anheuser-Busch InBev (AB InBev) is said to have sent out a voluntary severance offer to over 1,000 mid-level managers in South Africa on 12th December as it prepares to trim its workforce in the country, South African Business Day reported on Monday.

The brewer which acquired SABMiller, its nearest rival in a $103bn deal last year sent out a mouthwatering offer to mid-level managers with a 20th January deadline.

Coca-Cola acquires AB InBev’s stake in CCBA

Soft drinks giant Coca-Cola announced on Wednesday it has agreed to buy SABMiller’s 54.5% stake in Coca-Cola Beverages Africa (CCBA) from AB InBev for $3.15bn.

Coca-Cola and AB InBev said in a joint statement that they had agreed to the transfer of AB InBev’s 54.5% stake in CCBA to The Coca-Cola Company (TCCC). The stake was formerly owned by SABMiller before the mega beer acquisition that saw SAB merge with AB InBev.

AB InBev to sell Distell stake

Anheuser-Busch InBev NV has agreed to sell SABMiller’s stake in South African spirits maker Distell Group Limited to the country’s largest Pension administrator – The Public Investment Corp (PIC) for an undisclosed amount.

According to Wednesday’s closing price on the Johannesburg Stock Exchange (JSE), the 26.4% stake is said to be worth about R8.92bn rand ($640m).

AB InBev YTD share price decline 27% on the JSE

Anheuser-Busch InBev (AB InBev), which listed on the Johannesburg Stock Exchange (JSE) in early January, has seen its share price fall by as much as 27%, according to a published report in the South African Business Day.

Removing the effects of currency fluctuations, the share price is down 15% in dollar terms.

Asahi acquires SABMiller’s remaining European brands

Japan’s Asahi Group Holdings, has agreed to acquire five Eastern European beer brands formerly owned by SABMiller for ¥900bn yen ($7.81bn).

The assets which were acquired from AB InBev includes Czech market leader Pilsner Urquell, Tyskie and Lech in Poland, Hungary’s Dreher, Ursus in Romania and Topvar in Slovakia.

AB InBev to review media-buying practices

Anheuser-Busch InBev is said to be weighing a review of its ad-buying practices worldwide following its acquisition of SABMiller.

Following the combination with SABMiller, we are currently assessing our media planning and buying model and whether a global media agency review would be required,” said the company in a statement.

The brewer is said to be considering hiring a consultant firm to help it examine its ad buying practices.

The rise and sudden demise of SABMiller

This article is part-2 of a two-part story we first published on Wednesday chronicling the events leading up to the takeover of SABMiller by AB InBev. The original story first appeared in the Financial Mail, a South African publication and authored by Ann Crotty. We give credits to the author and the team at Financial Mail.

How AB InBev ascended the world’s beer throne

This article was first published in the Financial Mail, a South African publication and authored by Ann Crotty. We have edited parts of the original story but give credits to the author and the folks at Financial Mail.

To get a better understanding of how Anheuser-Busch InBev (AB InBev) became the world’s largest beer company, it helps to look back to the 1970s – a period when marketing departments held sway in beer companies.

Rumours of a potential deal between Anheuser-Busch InBev and Coca-Cola sends InBev’s shares lower

Anheuser-Busch InBev’s shares fell 1.85% on Monday after news broke that the brewer might have its eyes set on acquiring Coca-Cola.

The world’s largest brewer, which last month finalized the acquisition of  SABMiller, its closest rival in a $103bn deal might yet be seeking its next acquisition target, according to a report in London’s Sunday Telegraph. Carlos Brito, AB InBev’s CEO is said to be setting its sights on Coca-Cola, a company with a market capitalization of $176bn, which would provide a big bonus payday for AB InBev’s top managers.