Anheuser-Busch InBev would like to merge with SABMiller to create $275 billion companyStaff writer ▼ | September 17, 2015
Anheuser-Busch InBev, the world's largest brewer, has approached rival SABMiller about a takeover that would form a huge company, the producer of one third of the world's beer.
Merger Two biggest beer producers in the world
SABMiller, the second int the world, a maker of more than 200 beers including Peroni, Grolsch and Pilsner Urquell, said on Wednesday it had been informed that AB InBev intended to make an offer which it would have to do by Oct. 14 under British rules.
AB InBev, controlled by 3G Capital, a private equity fund run by a group of Brazilian investors, confirmed its approach. 3G, known for its focus on cost cuts at the expense of marketing, has previously orchestrated takeovers of Burger King, ketchup maker Heinz and Kraft Foods. ■