Anheuser-Busch InBev Agrees to $107Billion Deal for SABMiller
Beer forces are getting stronger! The two of the largest beer makers in the world are joining forces to create one company which will produce about one third of the total beer in the world.
However, in the U.S., the deal between the two will not make Budweiser and Miller share the same roof.
On Wednesday, AB InBev the makers of Budweiser, announced y a final deal of $107 billion for SABMiller. Concerns rose high that the brewing giant may get a strong hold in the U.S. market. To ease concerns SABMiller might sell fifty eight percent of its stake in a venture with brewer Molson Coors for around $12 billion. The deal will give Molson Coors the rights to the Miller brand name along with complete control of the operations.
In the Chinese market too, the joint company still without a decided name, will require approval of regulatory issues. In China, SABMiller leads the market with forty nine percent stake Snow beer.
China will be a main focus of the company as the markets consumes one fourth of the total beer in the world.
After the deal, Carlos Brito, the CEO of AB InBev said "This combination would create the first truly global brewer." The deal is expected to be completed in the coming year.
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