Tag Archives: AB Inbev

AB InBev hit with three-year Indian city ban

The City of New Delhi in India has banned AB InBev from selling its products in the city for three years for allegedly evading paying local excise taxes.

According to the government citation, a three-year investigation by the authorities allegedly found that SABMiller, which was acquired by AB InBev in 2016 used duplicate barcodes on its beer bottles supplied to city retailers that year, which allowed it to pay lower taxes.

Budweiser to launch global campaign as it partners Premier League, LaLiga

Budweiser, the premium beer brand from Anheuser-Busch InBev (AB InBev) has announced it will be launching a global campaign as it enters into a multi-year partnership with two of the world’s biggest soccer leagues, Premier League and LaLiga.

According to Chief Marketing Officer of AB InBev, Pedro Earp, “As the world’s most valuable beer brand, we will launch a global ‘Be a King’campaign in conjunction with these partnerships. This campaign will inspire fans around the world by bringing them closer to the kings of the game.

AB InBev’s Q2 sales impacted by a difficult lapping effect 2018 comparison

Global brewer Anheuser-Busch InBev (AB InBev) reported further decline in sales in the second quarter and half-year respectively despite measurable sales growth in key markets around the globe. Revenue fell marginally by 0.21% in Q2 to $13.96bn and by 1.98% to $26.6bn in the half-year, driven by lower volumes in such markets as Argentina  where the consumer remains under pressure due to challenging macroeconomic conditions and in Canada where a weak beer industry persists. Also, the lapping effect of a successful 2018 FIFA World Cup in Russia sponsorship, the company’s largest commercial activation in history weighed on the brewer’s revenue.

AB InBev sells Australia unit following failed IPO

AB InBev announced on Friday the sale of its Australian business unit, Carlton & United Breweries to Japanese brewer, Asahi for US$11.3bn.

The sale follows AB InBev’s failed Initial Public Offering (IPO) of its Asian business unit, Budweiser Brewing Co APAC due to weak investor demand.

AB InBev cancels plans for Hong Kong listing

Global brewer, AB InBev on Friday withdrew its plans to sell 1.6bn shares of its Asian business to investors, citing “prevailing market conditions”.

The company had been seeking to sell a minority stake in Budweiser APAC, which markets over 50 brands including its premium brands, Budweiser, Stella Artois and Corona in China, Australia, South Korea and Vietnam, but had to shelve the plans due to weak investor demand for its stated price. AB InBev was seeking to raise between US$8.3bn to US9.8bn from the Initial Public offering (IPO).

AB InBev seeks to raise nearly $10bn in Hong Kong listing

Global brewer, Anheuser-Busch InBev is seeking to raise US$9.8bn in an Initial Public Offering (IPO) of a minority stake in its Asia business. The listing could potentially value the company’s Asia Pacific operation at nearly US$64bn.

Budweiser Brewing APAC will be offering 1.6bn shares in an indicative range of HK$40 to HK$47 each (US$5.13 to US$6.02) by July 11.

AB InBev expects capacity expansion in Sagamu brewery to reach $400m

Anheuser-Busch InBev (AB InBev) has said it expects its investment in the newly built Sagamu Brewery to hit $400 million.

The company’s Chief Executive Officer, Carlos Brito, disclosed this on Wednesday while responding to reporters’ questions at a media briefing in Johannesburg, South Africa.

EU Competition Commission fines AB InBev €200m for impeding cross-border trade

The European Competition Commission has levied a fine of €200 million on Anheuser-Busch InBev in its Belgian home market for abusing its dominant market position to keep price of its popular Jupiler beer brand high.

Margrethe Vestager, EU competition commissioner, said: “Consumers in Belgium have been paying more for their favourite beer because of AB InBev’s deliberate strategy to restrict cross-border sales between the Netherlands and Belgium.

AB InBev seeks to raise cash from Asia Business unit

Anheuser-Busch InBev (AB InBev) said on Friday that it has applied to the Hong Kong stock exchange to sell shares in its Asia business unit known as Budweiser Brewing Company APAC.

The world’s largest brewing company is looking to sell 15% of its Asia unit to investors to raise about $5bn to $6bn dollars in an Initial Public Offering (IPO), according to sources close to the deal.

AB InBev Q1 performance weighed by low consumer demand, Easter timing in key markets

AB InBev reported first quarter sales decline of 3.9% on Tuesday despite posting strong sales growth in key markets around the world. Revenue fell to $12.59bn from $13bn, adversely impacted by lower volumes in markets such as South Africa and Argentina, where the consumer remains under pressure due to challenging macroeconomic conditions.