logo-loader
viewAnheuser-Busch InBev

Asahi offers to mop up European beer from Anheuser Busch Inbev

Japanese brewer Asahi Group sweeps into Europe with an offer to Anheuser Busch Inbev to snap up SABMiller brands Peroni, Grolsch and Meantime

1-SABMIller38906_original.jpg
Will all the green bottles on the wall fall to Asahi?

Japanese brewer Asahi Group (TYO:2502) swept into Europe on Wednesday with a US$2.8bn offer to Anheuser Busch Inbev (NYSE:BUD) to snap up SABMiller (LON:SAB) brands Peroni, Grolsch and Meantime.

Belgian brewer Anheuser said the preliminary offer was €2.55bn (US$2.8bn) to take the popular beers from Italy, the Netherlands as well as the British craft ale.

The deal would enable Asahi to gain access to European markets, where currently it has no presence, as well as import Grolsch and Peroni beer brands into Japan, South Asia, and Australia.

Meanwhile, the selling of some of SABMiller’s brands would remove for AB InBev one of the European regulatory concerns that were hampering its US$104bn acquisition of its London-based rival, SABMiller.

Last year, AB InBev has made several attempts to acquire SAB Miller.

Shares of AB InBev were up 0.16%, or 18 cents in New York at US$116.29. Earlier, Asahi shares ended down 8% at JPY3,334.00 in Tokyo.

Quick facts: Anheuser-Busch InBev

Price: 77.74 USD

NYSE:BUD
Market: NYSE
Market Cap: $152.32 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Pan African Resources 'builds solid platform' to deliver on...

Pan African Resources plc's (LON:PAF) chief executive Cobus Loots tells Proactive London's Andrew Scott they're on track to deliver their full-year production guidance of 185,000 ounces. In the six months to the end of December 2019 PAF's gold sales increased by 14.7% to 92,941...

22 minutes ago

2 min read