London brewer hoping to sell its European beer brands

Sun, 01 May 2016 | MERGER

If the European Commission approves  Anheuser-Busch InBev’s merger with SABMiller PLC, the brewer will be putting its Eastern and Central European beer brands up for sale for as much as £4.8bn.

Up for grabs will be SABMiller’s assets in Poland, Slovakia, Czech Republic, Hungary and Romania. These include brands such as Polish beers Tyskie and Lech, Hungarian beer Dreher and Romanian beer brand Ursus. Also included in the sale are the rights to the Pilsner Urquell brand outside the United States.

The brands reportedly account for around £1.6bn in annual sales, with EBIT of £310m according to Exane BNP Paribas analysts, who have accordingly placed a valuation of £3.4 bn on the assets. However analysts at Morningstar say that as this year’s underlying earnings are forecast to reach £480m, the sale price is likely to be considerably higher than this figure.

Possible suitors include Asahi, Heineken and Carlsberg.

Part of the reason for the sale of course is to allay any antitrust fears the EC may have concerning the takeover, scheduled to complete in the second half of 2016.

SABMiller is the second largest brewer in the world, behind Anheuser-Busch InBev. In Eastern Europe SABMiller currently reigns as the the third-largest brewer with a 15 percent slice of the market. AB InBev has just 8 percent of the market. SABMiller’s Eastern and Central European beer brands were largely put together in a consolidation acquisition strategy around 20 years ago. Anheuser-Busch InBev does not seemed too concerned about losing its European business – what is really after is SABMiller’s growing and lucrative brewery operations in Africa.


Share this article



Latest Businesses for Sale

Commercial & Residential Scaffolding (Fast Sale)
South East, UK

A sale will be executed at the earliest opportunity with offers received by Friday 10th July 2020. Long‐established (c.15 years), regionally‐based, commercial and residential scaffolding business for sale. Highly profitable business with regular repe...

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Eco-Friendly, Recyclable & Biodegradable Products Online Retailer
UK Wide

Has in excess of 2,100 subscribers, all of whom provide reliable, repeat business on an ongoing basis, in addition to a high volume of customers making one-off purchases. Operates from leasehold premises; however, the company could be relocated to a...

Asking Price: Offers Invited
Turnover: £1,067,787

RELOCATABLE


Pest Control Solutions
South East, UK

Offers professional and humane pest control solutions, helping clients throughout the South East maintain pest-free environments. Sources ethical, effective and competitively priced solutions, which meet its clients’ requirements. Offers invited.

Asking Price: Offers Invited
Turnover: £576,745

FREEHOLD



View more businesses for sale

News Search

Latest News

 
03
 
Jul
 

Next completes sale and leaseback of head office and warehouses | COMMERCIAL PROPERTY

High street fashion retailer Next Plc has confirmed the succ...

 
02
 
Jul
 

Benchmark Holdings secures sale of veterinary business | BUSINESS SALE

Sheffield-headquartered aquaculture health, nutrition and ge...

 
01
 
Jul
 

TM Lewin to close all UK stores in pre-pack administration | ADMINISTRATION

Shirtmaker TM Lewin will close all 66 of its UK stores as pa...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
05
 
Mar
 

Hawthorn Leisure pub chain up for sale | BUSINESS SALE

Hawthorn Leisure, a firm led by co-founder CEO Gerry Carroll...

 
04
 
Oct
 

Third largest merger expected as AB InBev takes over rival SABMiller | MERGER

The third largest merger is set to go ahead with Anheuser-Bu...

 
04
 
May
 

SABMiller and Coca-Cola agree bottling merger terms | MERGER

London-based brewer SABMiller and US drinks brand Coca-Cola ...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources