http://www.engineeringnews.co.za

Follow @EngNewsZA

Topic

Zimbabwe's Delta hikes price of beer as liquidity crunch bites

By: African News Agency 8th January 2019 Zimbabwe’s largest drinks company Delta Corporation has resorted to increasing the price of clear beer by an average 25% after the government stopped it from selling exclusively in United States dollars. “The adjustment of the wholesale price is meant to cushion against the significant increases... →

Anheuser-Busch InBev third quarter revenue up 4.5%

By: African News Agency 25th October 2018 The world's largest brewer Anheuser-Busch InBev said on Thursday its revenue grew by 4.5% in the third quarter, while total volumes were up 0.2%. AB Inbev said good growth in own beer volumes achieved in Europe, Mexico and many African markets during the quarter were partially offset by Brazil... →

Why AB InBev may cut its generous dividend

By: Bloomberg 15th October 2018 Anheuser-Busch InBev is the most generous big food-and-beverage company in the world when it comes to paying cash out to shareholders. That largess could end as soon as next week. The reason? The Belgian beermaker is the most indebted company in the industry, in both absolute terms and relative... →

Free State natural gas project, South Africa

By: Sheila Barradas 28th September 2018 The project entails the construction of a 52 km gas gathering pipeline and cryogenic liquefaction processing facilities. →

It’s déjà vu all over again

By: Riaan de Lange 11th May 2018 “Do you ever have déjà vu, Mrs Lancaster?” “I don’t think so, but I could check with the kitchen.”, is Mrs. Lancaster’s sincere response to, essentially a sarcastic enquiry from Phil Connors, in the Groundhog Day. Groundhog Day is a situation in which a series of unwelcome or tedious events... →

AB InBev’s South African Q1 sales dip on March sin tax increases

By: Anine Kilian 9th May 2018 JSE-listed Anheuser-Busch InBev (AB InBev) saw revenue growth in South Africa of mid-single-digits for the quarter ended March 31, driven by high, single-digit revenue per hectolitre growth. The company said demand was reduced during the Easter peak season owing to higher sin taxes that came into... →

Consol IPO may raise up to $415m

By: Reuters 16th April 2018 South African glass bottle maker Consol aims to raise up to $415-million via an initial public offering (IPO), it said on Monday, returning the firm to public markets after more than a decade in the hands of private equity groups The flotation, pencilled in for April 30, comes amid growing... →

AB InBev focusing on its public interest commitments as it celebrates one year as megabrewer

By: Schalk Burger 11th October 2017 Brewing multinational Anheuser-Busch (AB) InBev has worked hard over the past year to meet its public interest commitments following the business combination with SAB in late 2016, SAB and AB InBev Africa zone president Ricardo Tadeu said in a statement on Wednesday. The public interest... →

AB InBev to merge Russia and Ukraine businesses with Anadolu Efes

By: African News Agency 9th August 2017 The world’s largest brewer, Anheuser-Busch InBev (AB InBev) said on Wednesday that it has reached a non-binding agreement with Anadolu Efes, the leading brewer in Turkey, regarding a 50:50 merger of AB InBev’s and Anadolu Efes’ existing Russia and Ukraine businesses. This comes AB InBev’s... →

JSE results shows strong investment appetite remains

By: Megan van Wyngaardt 1st March 2017 Investor appetite in South Africa remains robust, despite the county having navigated a “particularly noisy socioeconomic environment” during 2016, with the JSE posting a 10% increase in its operating revenue to R2.3-billion. The largest stock exchange on the continent also tallied 18 new... →

AB InBev, Coca-Cola reach $3.15bn deal

By: Megan van Wyngaardt 21st December 2016 Beverages giant The Coca-Cola Company and triple-listed brewery Anheuser-Busch InBev (AB InBev) have reached an agreement regarding the transition of AB InBev’s 54.5% equity stake in Coca-Cola Beverages Africa (CCBA) for $3.15-billion. CCBA includes South Africa, Namibia, Kenya, Uganda, Tanzania,... →

Asahi to buy SABMiller’s central, eastern Europe businesses for €7.3bn

By: Anine Kilian 13th December 2016 Anheuser-Busch InBev (AB InBev) will sell the Central Eastern Europe (CEE) businesses formerly owned by SABMiller to Japan’s Asahi group for for €7.3-billion. The CEE businesses include those in Poland, the Czech Republic, Slovakia, Hungary and Romania and include beer brands such as Pilsner... →

Tamagotchi and Van der Bijl

By: Riaan de Lange 9th December 2016 November 23, twenty years to the day, which saw the sale of the first Tamagotchi, created in Japan by Akihiro Yokoi and Aki Maita. If you are old enough to remember, or even care to remember, it quickly became one of the biggest toy fads of the 1990s, particularly in the United States of America... →

AB InBev-SABMiller deal completes

By: African News Agency 11th October 2016 Anheuser-Busch InBev on Tuesday announced the successful completion of its multi-billion dollar merger with SABMiller. AB Inbev said the combined company would have operations in “virtually every major beer market” and an expanded portfolio that included global, multi-country and local brands,... →

SABMiller, AB InBev merger to cross final hurdles, conclude by Oct

By: Natasha Odendaal 2nd August 2016 JSE-listed SABMiller and multilisted Anheuser-Busch InBev (AB InBev) continue to steadily tick off preconditions and jurisdictional approvals in a landmark deal that will see the two companies merge to form a global beer conglomerate by October. In a joint statement on Tuesday, the duo announced... →

AB InBev gets China blessings for SABMiller takeover

By: African News Agency 29th July 2016 Anheuser-Busch InBev’s (AB InBev) bid to take over SABMiller Plc and create a monolith brewer moved one step closer on Friday when China’s Ministry of Commerce gave the proposed merger a clearance. AB InBev has since welcomed the conditional approval of China’s Ministry of Commerce of the... →

AB InBev raises offer for SABMiller

By: Tracy Hancock 26th July 2016 Multinational beverage and brewing company Anheuser-Busch InBev (AB InBev) has made a revised and final offer for the entire issued and to be issued share capital of JSE-listed SABMiller. This development follows a July 22 conversation between SABMiller’s chairperson and that of AB InBev on the... →

SAB takeover getting more expensive by the day

By: News24Wire 21st July 2016 The takeover of SABMiller by Anheuser-Busch (AB) InBev is looking increasingly expensive, a merger and acquisition expert said on Thursday. Warwick Business School Professor John Colley’s pessimism comes as “various competition authorities exact a heavy price to approve the deal”, he said on... →

SABMiller CEO to get R1.2bn payout – report

By: News24Wire 21st June 2016 SABMiller CEO Alan Clark will get a R1.2-billion (£55m) payout when Anheuser-Busch (AB) InBev takes over the company, the Financial Times (FT) revealed on Tuesday. Crunching the numbers from SABMiller’s annual report released on Monday, the UK-based finance publication said while Clark’s... →

Patel to face competition watchdog in SABMiller merger

By: News24Wire 20th June 2016 The Competition Tribunal expects to hear a submission from Economic Development Minister Ebrahim Patel in the biggest proposed beer deal in history between Anheuser-Busch (AB) InBev and SABMiller. The proposed R1.657trn merger plan was reached in November as a way to gain access to emerging... →

Why SAB–AB Inbev won’t be freezing out craft brewers

By: African News Agency 10th June 2016 As Anheuser-Busch InBev (AB InBev) sails over the hurdles it must clear before gulping down SABMiller to form a company that would brew one in every three beers consumed globally, craft beer enthusiasts will be pleased to note that the South African Competition Commission has acted to protect... →

European Commissions approves AB InBev’s SABMiller buyout

By: Anine Kilian 25th May 2016 The European Commission (EC) has approved the proposed acquisition of JSE-listed SABMiller by Anheuser-Busch InBev (AB inBev). “EC approval in Phase I of the European Union merger review process is a significant milestone for the deal in keeping with AB InBev’s ambition to secure the necessary... →

Deal struck for disposal of SABMiller’s Panamanian business

By: Tracy Hancock 13th May 2016 Multinational brewing and beverage company Anheuser-Busch InBev (AB InBev) has agreed to transfer JSE-listed SABMiller’s Panamanian business to Latin-American brewing company Ambev, should its merger with the South African beer and soft drinks company be successful. In exchange, Ambev agreed to... →

The big small

By: Riaan de Lange 6th May 2016 I am reminded of a pilot preparing for his final approach to land, lining up with the runway and descending for landing. He contacts air traffic control and the air traffic controller asks whether the pilot has a clear sight of the runway. “Yes, I do,” the pilot responds, adding: “It’s short, but... →

AB InBev starts trading on JSE

By: Megan van Wyngaardt 15th January 2016 The world’s largest brewer Anheuser-Busch InBev (AB InBev) listed on the JSE on Friday morning. The secondary inward listing on the stock exchange’s mainboard was completed by way of introduction and comprised all AB InBev’s issued ordinary shares without nominal value, totaling 1.60-billion. →

AB InBev secures secondary JSE listing

By: Megan van Wyngaardt 12th January 2016 In light of its proposed takeover of local beer and soft drinks manufacturer SABMiller, Euronext Brussels-listed Anheuser-Busch (AB) InBev – the world’s largest brewer – has obtained a secondary inward listing on the JSE main board, effective January 15. AB InBev would be treated as foreign for... →

Goodbye, blue sky

By: Riaan de Lange 4th December 2015 "You can’t be a real country unless you have a beer and an airline. It helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer." This quote is attributed to Frank Zappa, an American musician. →

The real drivers behind SABMiller takeover

By: News24Wire 11th November 2015 The R20-billion in cost savings that Anheuser-Busch (AB) InBev will realise after acquiring SABMiller for over R1.5-trillion is below expectations, suggesting that pricing and distribution benefits may be the real driver of the deal. That is according to John Colley, professor of practice at... →

AB InBev gets another week to make SABMiller offer

By: African News Agency 4th November 2015 SABMiller said on Wednesday that it had asked the takeover panel to further extend the deadline for a firm bid for the company from Anheuser-Busch InBev. On October 13, the companies agreed in principle to AB InBev’s offer of £44 per share in cash. The original deadline for AB InBev to ‘put up or... →

BACK & FROTH

23rd October 2015 After much speculation and back-and-forth negotiations, Anheuser-Busch InBev agreed last week to buy SABMiller in a deal valued at around over R1-trillion – a record for the industry. Pictured is a bottle of Budweiser, which is brewed by Anheuser-Busch InBev. South Africans, who still jealously... →

The future ain’t what it used to be

By: Terence Creamer 23rd October 2015 South Africans are arguably fairly accustomed to change as a result of the far-reaching political transformation and economic developments that have taken placed in this country over the past 21 years. In the business milieu, too, change has been constant: the mineral and energy complex remains... →

Treasury, Moody's eye SABMiller, AB Inbev deal

By: News24Wire 16th October 2015 The impact of any takeover of SABMiller by AB InBev on the South African economy will be an important consideration, National Treasury said on Thursday. It said Minister of Finance Nhlanhla Nene will apply his mind to any application by AB InBev to acquire the shares of SABMiller. →

SAB, AB InBev deal ‘brewing a political headache’ – economist

By: Megan van Wyngaardt 14th October 2015 The proposed R1-trillion takeover of SABMiller by Anheuser-Busch (AB) InBev will not be an easy feat, owing to scrutiny by South Africa’s Competition Commission and attempts by government to secure local ownership, jobs, tax and investment, Nomura International executive director, senior emerging... →

AB InBev, SABMiller ink in-principle merger deal

By: Natalie Greve 13th October 2015 JSE-listed SABMiller's share price rose 11% on the JSE on Tuesday morning, after it and Anheuser-Busch (AB) InBev announced they had reached an in-principle agreement that would see AB InBev acquiring SABMiller's shares for £44 a share in cash, with a partial share alternative (PSA) available for... →

SABMiller to tighten belt by further $550m

By: Tracy Hancock 9th October 2015 Anheuser-Busch InBev take-over target SABMiller has increased its annual run rate cost savings from its initial goal of $500-million by March 31, 2018, by a further $550-million by March 31, 2020, across an addressable cost base of about $10-billion. The JSE-listed beer and soft drinks business... →

AB InBev says SABMiller rejection lacks credibility

By: Tracy Hancock 8th October 2015 Anheuser-Busch InBev (AB InBev) is surprised by Dual-listed SABMiller’s continued statement that its ‎£42.15 a share offer, with a partial share alternative or about 41% of the SABMiller shares, “still very substantially undervalues SABMiller”. On Thursday, AB InBev CEO Carlos Brito said: “Our... →

SABMiller rejects latest InBev merger offer

By: Natalie Greve 7th October 2015 The board of SABMiller has unanimously rejected a revised merger offer by global brewer Anheuser-Busch InBev (AB InBev) in which it valued the British–South African multinational brewing and beverage company at £42.15 a share, with a partial share alternative available for about 41% of the... →

SABMiller calls on AB InBev to ‘put up or shut up’

By: African News Agency 16th September 2015 SABMiller on Wednesday responded to speculation in the media by confirming that Anheuser-Busch InBev had said it intended to make a proposal to acquire it. The leading international brewer, a FTSE-20 company with a dual listing in Johannesburg, said it had not yet received a proposal. →

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Newsletters

Sign up for our FREE daily email newsletter

Receive daily sector news alerts

More

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Subscribe