AB InBev to explore sale of SABMiller's European premium beer brands
[LONDON] Anheuser-Busch InBev NV said it will explore the sale of SABMiller Plc's European premium beer brands including Peroni and Grolsch to help address potential antitrust issues arising from the planned merger of the brewers.
Meantime Brewing Co, the independent beermaker acquired earlier this year by SABMiller, is also among the brands being considered for sale, AB InBev said in a statement Thursday.
"These beers are loved by consumers and we are very proud of them," SABMiller Chief Executive Officer Alan Clark said in the statement. "Until the change of control we will continue to invest in growing these great beers and supporting our talented people who brew, sell and manage them." Any sale would be conditional upon completion of AB InBev's acquisition of SABMiller, the companies said.
BLOOMBERG
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Indian winemaker Sula Vineyards' Q4 profit slips on mounting expenses
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
Puma returns to sales growth in Americas despite ‘volatile’ market
Nanjing Xinjiekou Department Store announces May 23 EGM; Cordlife seeking legal advice
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
‘Limits’ to MOH intervention for Cordlife customer refunds, compensation: Janil