Beer companies....yes Beer companies will soon have more income than half of all the African countries ...it's the next biggest thing business venture to be had in Africa ..therefore I wonder if this is also gonna drown us ? I mean we got a 90 mill consumers right next door to us in the form of Ethiopia. We also got a 50 mill in Kenya and a 500k in Djibouti...
Speaking of beer, today the biggest Beer merger ever happened ..
Beer giants AB InBev and SABMiller agree takeover terms
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The world's two biggest beer producers are set to merge after SABMiller accepted an increased takeover offer from rival Anheuser-Busch InBev.
SABMiller said it had agreed "in principle" a £44-a-share offer, after four previous attempts from AB InBev.
AB InBev's brands include Budweiser, Stella Artois and Corona, while SABMiller produces Peroni and Grolsch.
If the deal, worth about £70bn, goes ahead, the newly-created firm will make about 30% of the world's beer.
SABMiller has a workforce of close to 70,000 people in more than 80 countries, and global annual sales of more than $26bn. AB InBev has a workforce of 155,000 and global revenues of more than $47bn.
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Global market share of five biggest beer companies
Anheuser-Busch InBev - 20.8%
SABMiller - 9.7%
Heineken - 9.1%
Carlsberg - 6.1%
China Resources Enterprise - 6%
Source: Euromonitor, based on 2014 figures
AB InBev had made four previous bid approaches for SABMiller - at £38, £40, £42.15, and £43.50 per share - but they had been rejected by SABMiller, which argued they undervalued the company.
In a statement, the boards of the two firms said they had now "reached agreement in principle on the key terms of a possible recommended offer".
The two companies have not yet formally finalised the terms of an offer, but the latest development means they have extended the City deadline for a firm offer until 28 October.
Analysis: Matthew Davies, business reporter, Johannesburg
SABMiller's African brands are actually one of the main reasons AB InBev is so thirsty for this merger. Carlos Brito, the chief executive of AB InBev, has said that Africa is a "key piece" of the deal.
SABMiller, of course, has its roots in Africa - South African Breweries was founded around the time of gold rush in Johannesburg in the late 19th Century. As it stands, and if this deal goes through, it would mean that the merged entity would control 31% of global beer sales.
AB InBev's brands are largely concentrated in the Americas and Europe; SABMIller has about 40 brands in Africa. It was the growth of SABMiller's African brands that really attracted AB InBev.
Speaking of beer, today the biggest Beer merger ever happened ..
Beer giants AB InBev and SABMiller agree takeover terms
- 4 hours ago
- From the section Business
The world's two biggest beer producers are set to merge after SABMiller accepted an increased takeover offer from rival Anheuser-Busch InBev.
SABMiller said it had agreed "in principle" a £44-a-share offer, after four previous attempts from AB InBev.
AB InBev's brands include Budweiser, Stella Artois and Corona, while SABMiller produces Peroni and Grolsch.
If the deal, worth about £70bn, goes ahead, the newly-created firm will make about 30% of the world's beer.
SABMiller has a workforce of close to 70,000 people in more than 80 countries, and global annual sales of more than $26bn. AB InBev has a workforce of 155,000 and global revenues of more than $47bn.
ADVERTISEMENT
Global market share of five biggest beer companies
Anheuser-Busch InBev - 20.8%
SABMiller - 9.7%
Heineken - 9.1%
Carlsberg - 6.1%
China Resources Enterprise - 6%
Source: Euromonitor, based on 2014 figures
AB InBev had made four previous bid approaches for SABMiller - at £38, £40, £42.15, and £43.50 per share - but they had been rejected by SABMiller, which argued they undervalued the company.
In a statement, the boards of the two firms said they had now "reached agreement in principle on the key terms of a possible recommended offer".
The two companies have not yet formally finalised the terms of an offer, but the latest development means they have extended the City deadline for a firm offer until 28 October.
Analysis: Matthew Davies, business reporter, Johannesburg
SABMiller's African brands are actually one of the main reasons AB InBev is so thirsty for this merger. Carlos Brito, the chief executive of AB InBev, has said that Africa is a "key piece" of the deal.
SABMiller, of course, has its roots in Africa - South African Breweries was founded around the time of gold rush in Johannesburg in the late 19th Century. As it stands, and if this deal goes through, it would mean that the merged entity would control 31% of global beer sales.
AB InBev's brands are largely concentrated in the Americas and Europe; SABMIller has about 40 brands in Africa. It was the growth of SABMiller's African brands that really attracted AB InBev.
