Par­ent com­pany ac­qui­si­tion won’t im­pact on op­er­a­tions Delta

Chronicle (Zimbabwe) - - Business Chronicle -

ZIM­BABWE’S largest bev­er­ages pro­ducer, Delta Cor­po­ra­tion says ac­qui­si­tion of its par­ent firm, SAB­Miller by Bel­gian-Amer­i­can firm, An­heuser-Busch InBev in a mega $100 bil­lion deal, will not in any way af­fect the op­er­a­tions of the com­pany.

The two gi­ant bev­er­ages pro­duc­ers — An­heuser-Busch InBev and SAB­Miller — reached a deal to es­tab­lish the world’s big­gest beer com­pany late last year and have since then been go­ing through the nec­es­sary reg­u­la­tory ap­provals in coun­tries and stock ex­changes on which they are listed.

The fi­nal ap­proval was ob­tained in Eng­land last week, putting the seal of ap­proval on the es­tab­lish­ment of an en­larged firm that will be known as An­heuser-Busch InBev SA/NV.

Delta Cor­po­ra­tion said it was likely the trans­ac­tion will be com­pleted by to­day.

“Delta Cor­po­ra­tion has been an as­so­ciate of SAB­Miller and will be­come an as­so­ciate of the new en­larged en­tity,” said the lo­cal bev­er­ages man­u­fac­turer.

“We do not an­tic­i­pate any ma­te­rial changes to the cur­rent re­la­tion­ship be­tween Delta and the com­bined group fol­low­ing com­ple­tion of the AB InBev’s rec­om­mended com­bi­na­tion with SAB­Miller.”

The en­larged group will be head­quar­tered in Leu­ven, Bel­gium and listed on Euronet Brus­sels, the Jo­han­nes­burg Stock Ex­change and Mexico Stock Ex­change. An­heuser-Busch InBev SA/NV will con­trol over 30 per­cent of the global beer mar­ket. — New Ziana

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