Anadolu in merger with AB InBev

The Star Early Edition - - COMPANIES -

THE WORLD’S largest brewer, An­heuser-Busch InBev (AB InBev), said yes­ter­day that it had 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’s ex­ist­ing Rus­sia and Ukraine busi­nesses. This comes af­ter AB InBev’s ac­qui­si­tion of a 24 per­cent stake in Anadolu Efes as part of the com­pany’s com­bi­na­tion with SABMiller, which was com­pleted in Oc­to­ber last year. AB InBev said this in­tended com­bi­na­tion of op­er­a­tions in Rus­sia and Ukraine would strengthen the com­pet­i­tive po­si­tion of both AB InBev’s and Anadolu Efes’s brands in th­ese mar­kets, with the po­ten­tial for fur­ther growth. The com­bined busi­ness am­bi­tions would be to lead the Rus­sian and Ukrainian mar­kets, with a di­verse port­fo­lio of brands and a broader range of beers for con­sumers. In ad­di­tion, the com­bi­na­tion would en­hance AB InBev’s ex­ist­ing re­la­tion­ship with Anadolu Efes and the value of its stake in Anadolu Efes. Fol­low­ing the clos­ing of the in­tended trans­ac­tion, the com­bined busi­ness would be fully con­sol­i­dated in the Anadolu Efes’s fi­nan­cial ac­counts. – ANA

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