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Beerworkers Archive


Post date: 03/01/2011 - 22:46

ABInBev to start acquiring breweries again

Anheuser-Busch InBev's CEO has reportedly said that the brewer is seeking to rejoin the acquisition trail, just over two years after the group was formed in a $52bn deal.
Carlos Brito was quoted in German newspaper Welt am Sonntag as saying that the brewer is seeking to "actively take part in consolidation in the industry".

Anheuser-Busch InBev's CEO has reportedly said that the brewer is seeking to rejoin the acquisition trail, just over two years after the group was formed in a $52bn deal.
Carlos Brito was quoted in German newspaper Welt am Sonntag as saying that the brewer is seeking to "actively take part in consolidation in the industry".

Anheuser-Busch InBev has spent the last two years clearing debt following InBev's $52bn takeover of the Budweiser brewer, the most expensive deal in brewing history. Brito's comments could serve as a warning sign to A-B InBev's rivals.
Last week, A-B InBev said it had signed a deal to acquire full control of the Liaoning Dalian Daxue Brewery Co in China. And, in January, the group said that it planned to raise up to US$1.65bn via a series of bond issues.
The Belgium-based group, which reports its full-year results on Thursday (3 March), has already upped its synergy target from the A-B acquisition, from $1.5bn to $2.25bn. Analyst group Sanford Bernstein said this week that it expects the company to have achieved 85% of the target by the end of 2010.
Bernstein forecast that A-B InBev's like-for-like earnings before interest and tax will show a 12% increase for the year, compared to 2009. "We expect synergies, lower input costs in the US and reversal of foreign exchange hedges in Latin America to be the fundamental drivers of organic profit growth," it said in a note today.