Tag Archives: AB Inbev

Int’l Breweries closes N165bn rights issue

December 24, 2019   Editor   No comments
beer

International Breweries Plc (“IB PLC”) announced on Sunday that its N165bn rights issue will close on Tuesday 24th December 2019.

In a statement from the brewing company, it said that it has received the express approval from its shareholders and relevant agencies of government including the Security and Exchange Commission.

The application list for its rights issue was first launched on 5th December 2019. The exercise will see Anheuser-Busch InBev, the majority shareholder in IB Plc invest an additional N124bn ($341m) in the Nigerian subsidiary.

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Int’l Breweries names new MD, Finance Director; Degroot, Momoniat to depart at year end

December 12, 2019   Editor   No comments
International Breweries brand - Hero Lager

International Breweries Plc, the Nigerian unit of global brewer, Anheuser-Busch InBev has announced the resignation of its Managing Director, Annabelle Degroot and Finance Director Mr Zuber Momoniat effective 31 December 2019.

In a statement released by the company, it said that Degroot will be moving into a new role in Europe within the AB InBev Group.

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AB InBev set to inject N123bn in Nigerian operation

November 18, 2019   Editor   No comments
International Breweries logo

Anheuser-Busch InBev (AB InBev) is said to have committed to investing more than N123bn in its Nigerian operation.

According to a report by the Nations’ Newspaper, sources at the weekend said AB InBev was in support of the rights issue planned by International Breweries Plc, its Nigerian subsidiary and had committed to participating fully in the new capital raising exercise.

The capital raising comes on the heels of growing debt at the brewing company as it seeks to grow its presence in the Nigerian beer market and take market share from its rivals, Nigerian Breweries Plc and Guinness Nigeria Plc. The company recorded a net loss of N4bn in fiscal year 2018 and the losses have continued into the first-nine months of 2019, recording N16.4bn in net loss.

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AB InBev to replace paper labels with direct print on bottles

October 29, 2019   Editor   No comments
direct label print technology

Anheuser-Busch InBev is said to be pioneering a new technology that prints its label designs directly on bottles instead of on paper.

The new technology which is already being tested in the UK could be rolled out globally if successful. The new scheme has environmental and cost benefits due to the reduction in paper.

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AB InBev reports revenue and profit growth in 9-months despite lower beer volumes

October 25, 2019   Editor   No comments
Hero lager

Anheuser-Busch InBev reported revenue and profit growth in the third quarter and nine months to the end of September despite volume declines.

Revenue in the third quarter grew by 2.7% to $13.1bn but fell by 4.8% in the nine months to $39bn, helped by ongoing premiumization and revenue management initiatives, but held back by advances in smart affordability strategy.

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AB InBev’s Budweiser Brewing Co APAC raises $5bn in Hong Kong listing

September 24, 2019   Editor   No comments

Anheuser-Busch InBev’s Asian business unit finally succeeds with a $5bn Hong Kong listing after pricing it at the bottom of a marketed range.

The world’s largest brewer had planned for a bigger initial public offering (IPO) of around $9.8bn in July but had to shelve the plans following what it cited as “several factors, including the prevailing market conditions”.

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A-B InBev resurrects plans for Hong Kong listing

September 13, 2019   Editor   No comments

Global brewer, Anheuser-Busch InBev (A-B InBev) has revived plans to list a minority stake of its shares in its Asia Pacific business unit, Budweiser Brewing Company APAC Limited, on the Hong Kong Stock Exchange.

The resumption follows its withdrawal in July not to go forward with an Initial Public Offering (IPO) in Hong Kong following what it said was unfavourable “market conditions”.

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AB InBev cleared to produce Guinness, Smirnoff RTD in South Africa

September 09, 2019   Editor   No comments

Anheuser-Busch InBev has received the approval from South African regulatory authorities to start producing Guinness stout and Smirnoff ready-to-drink (RTDs) in South Africa.

The Competition Tribunal of South Africa announced last week that it has granted South African Breweries (SAB), the local unit of Anheuser-Busch InBev the approval to produce, distribute, market and sell Guinness stout and Smirnoff RTDs – Storm, Guarana, Spin, Pine Twist and Berry Twist in South Africa in exchange for royalty fees paid to Diageo Plc, owners of the brands. The financial details of the transaction were not disclosed.

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AB InBev hit with three-year Indian city ban

July 31, 2019   Editor   No comments

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.

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

July 31, 2019   Editor   No comments
Budweiser beer

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.

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