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.
An established and newly discounted catering and retail butchers in Southend-On-Sea is now available, offering a unique opportunity for those looking to enter or expand in the food industry.
FREEHOLD
This Bristol-based law practice presents a compelling opportunity with a strong track record in criminal, children, and family law matters, showcasing a diverse portfolio of publicly funded and privately paid work.
This is a terrific opportunity to take over an established and high-revenue yielding law practice in central London, with a diverse portfolio emphasising matrimonial and residential conveyancing.
30
|
Jun
|
Specialist electronics manufacturer to be acquired in £20m deal | BUSINESS SALE
Landguard Nexus Limited, a specialist electrical and electro...
30
|
Jun
|
Modella successfully price-chips WH Smith deal by at least 23 per cent | BUSINESS SALE
Back in March 2025, private investment form Modella Capital ...
30
|
Jun
|
IFA consolidator secures £14.5m facility for buy-and-build strategy | BUSINESS NEWS
Futura Financial Services Group, a consolidator of UK indepe...
08
|
Oct
|
CMBC set to close 150-year-old Wolverhampton brewery | ADMINISTRATION
Carlsberg Marston’s Brewing Company (CMBC) is set to c...
23
|
Nov
|
Former Carlsberg offices on the market for £2.7m | COMMERCIAL PROPERTY
Office buildings in Northampton previously owned by Carlsber...
05
|
Mar
|
Hawthorn Leisure pub chain up for sale | BUSINESS SALE
Hawthorn Leisure, a firm led by co-founder CEO Gerry Carroll...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.