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.
Anheuser-Busch InBev announced on Monday the appointment of a new North American head, Michel Donkeris to replace João Castro Neves, a 20-year veteran of the Belgian/Brazilian brewer as beer sales in the U.S., the company’s most important market continue to lag.
The company said in a statement that Mr. Neves who had been in charge of the North American division for two years would be leaving the company “to pursue other opportunities” and thanked him for his 22-years “distinguished career” at the firm.
Anheuser-Busch InBev (AB InBev) has listed on the Johannesburg Stock Exchange (JSE) as it makes its South African presence as part of its takeover of SABMiller.
AB InBev’s corporate headquarters will remain officially in Belgium and New York, but its new inward secondary share listing in South Africa is because of SABMiller’s large presence in the country.
