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Added on the 26/07/2016 17:30:28 - Copyright : Reuters EN
Anheuser-Busch InBev has raised its takeover offer for SABMiller for a third time, as the world's largest brewer tries to win over its smaller rival to create a giant that would make a third of the world's beer. But as Ivor Bennett reports, the offer may still not be enough.
Anheuser-Busch InBev expects to cut some 3 percent of its combined workforce after it has acquired rival SABMiller, according to takeover documents published on Friday. Kirsty Basset reports.
Anheuser-Busch InBev has launched its $100 billion-plus offer for nearest rival SABMiller. As David Pollard reports, the world's biggest brewer has agreed to sell SAB's stake in U.S. venture MillerCoors to help win regulatory approval.
Much of AB InBev's interest in SABMiller stems from the potential growth of beer markets in Africa, a continent of a billion people. But as Ivor Bennett reports, the commodity price slump could also hit the region's bars.
Carlos Brito is the CEO of the brewery group Anheuser-Busch InBev. InBev produces popular beers like Budweiser, Bud Light, Corona, and Stella Artois. As Markets Insider reported on Tuesday, AB InBev is planning to hold what is expected to be the largest initial public offering of 2019. Brito is extremely private about his personal life. Brito has an MBA from the Stanford Graduate School of Business. His only hobby is 30 minutes of walking daily on a treadmill.
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