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AB InBev Acquisition of SABMiller to Yield Annual Synergies of $1.4 Billion

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AB InBev Acquisition of SABMiller to Yield Annual Synergies of $1.4 Billion

AB InBev Acquisition of SABMiller to Yield Annual Synergies of $1.4 Billion
November 17
09:58 2015

AB InBev expects to achieve pre-tax cost synergies of at least $1.4 billion per annum from its $106 billion acquisition of SABMiller, completion of which is expected in the second half of 2016. These synergies are expected to be phased in over four years following completion.

Given the largely complementary geographical footprints and brand portfolios of AB InBev and SABMiller, the combined group will have operations in virtually every major beer market around the world. The deal Transaction will strengthen AB InBev’s position in key emerging regions with strong growth prospects such as Asia, Central and South America, and Africa. These regions have hugely attractive markets and will be critically important to the future success of the combined group.

Demonstrating its commitment to promptly and proactively address regulatory considerations, AB InBev has agreed to the sale of SABMiller’s interest in MillerCoors – a joint venture in the US and Puerto Rico between Molson Coors Brewing Company and SABMiller – and the Miller Global Brand Business to Molson Coors Brewing Company. The total transaction is valued at $12 billion and is conditional on the completion of AB InBev’s acquisition of SABMiller.

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