DEAL: AB InBev/SABMiller merger

Author: Lizzie Meager | Published: 10 Nov 2016

The world’s biggest ever consumer goods merger, and third-largest merger ever, has now closed after 13 months of negotiations, billions of dollars of divestments and a healthy dose of shareholder activism.

Shareholders from both companies eventually voted in favour of Anheuser-Busch InBev’s $107 billion takeover of SAB Miller, the two biggest breweries globally, approving the deal in late September. It was completed in three parts: an English scheme of arrangement, then a Belgian merger, followed by a Belgian takeover.

AB InBev now holds an estimated 46% of the global beer market shareThe new entity, which will trade as AB InBev, now holds a combined 46% of global beer profits including a presence in 17 African countries. Newco, a newly created Belgian firm, is now the holding company of the combined group. "Aside from its size, which is of course striking, there’s the fact this deal is really made...