Beer mega deal complete

September 28th, 2016 | Posted by Real Beer

SABMiller shareholders have approved the $100 billion deal that allows the company to be taken over by Anheuser-Busch InBev. AB InBev shareholders previously backed the transaction.

“We are committed to driving long-term growth and creating value for all our stakeholders,” Carlos Brito, chief executive of AB InBev, said in a statement.

Regulators around the world have already approved the deal, which AB InBev says will create “the first truly global brewer.” The takeover is expected to be formally completed Oct. 10, AB InBev said.

Acquiring SABMiller gives AB InBev a large presence in Africa while increasing its business in South America and Europe. The combined company will control almost a third of the global beer market. However, AB InBev sold off dozens of brands to gain regulatory approval for the deal, including Miller Lite, Peroni and Snow, the world’s top-selling beer.

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