Anheuser-Busch InBev eyes SABMiller in potential mega takeover
Brussels
ANHEUSER-BUSCH InBev, the world's largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world's beer.
A merged group would have a market value of around US$275 billion at current prices, and would combine AB InBev's dominance of Latin America with SABMiller's of Africa - both fast-growing markets - as well as their breweries in Asia.
Societe Generale analyst Andrew Holland said: "The real attractio…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Singapore-based Amazon execs feel the brunt of job cuts
MPACT posts 1.8% higher Q4 DPU of S$0.0229
Stocks to watch: MPACT, CapitaLand Ascott Trust, Hotel Properties, OUE Reit, CCT
CapitaLand China Trust posts 7.7% drop in Q1 NPI to 313.1 million yuan
Apparel company Express seeks quick bankruptcy sale
First Reit reports 3.2% lower Q1 DPU of S$0.006 amid interest rate, forex headwinds