EU Approves Deal For New BeerhemothPosted May 24 2016
In October 2015 news broke of one of the biggest mergers in corporate history. Anheuser-Busch InBev and SABMiller, the two biggest beer producers in the world, agreed on terms for a gigantic deal to merge both companies. The merger is set to create a beer behemoth responsible for one in three beers sold worldwide. The final AB InBev offer is worth more than $110 billion. The combination would give AB InBev, already the world’s largest brewer, a massive operation in Africa, where it seeks greater presence in its thirst for profits, and more powerful dominance in Latin America.
As the New York Times reports, the European Commission has now signed off on AB InBev’s merger with SABMiller after the companies agreed to sell SABMiller’s premium brands in Europe and some other European operations.