AB Inbev, SABMiller merger to complete in October

August 02, 2016 | 19:37

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The world’s largest brewer AB Inbev expects to complete its acquisition of SABMiller in October.

According to the timetable of the merger, announced by AB Inbev yesterday, shareholders from both companies will meet independently on September 28 to vote on the deal.

SABMiller's board agreed last week to an improved £79 billion ($104.3 billion) offer.

AB InBev recently secured approval from the European Union, United States, and China for the merger. The final terms of the merger will be published on the company’s website on Tuesday.

The Wall Street Journal earlier reported that the deal would be the largest-ever in the consumer goods sector and the fourth-largest takeover in history. After the deal is completed, AB InBev will dominate nearly every major market and have an estimated 28.4 per cent share of the world market, nearly three times its closest rival, Heineken NV.

SABMiller established a subsidiary in Vietnam in 2006. Currently, it has one office and a factory in the southern province of Binh Duong, with a capacity of 500,000 hectolitres per year, producing brands like Zorok and Gambrinus. In Vietnam, SABMiller sells famous brands, such as Peroni and Pilsner Urquell.

AB Inbev set foot in Vietnam last May with the inauguration of its factory in Binh Duong, with the annual capacity of 50 million litres. Both brewers regard Vietnam as a potential market because the country’s beer consumption has been increasing steadily at around 10 per cent a year. SABMiller was reportedly one of the potential suitors of Vietnam’s most popular beer producer Saigon Beer-Alcohol-Beverage Joint Stock Corporation (Sabeco).

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