The maker of Chibuku sorghum beer was about 23 percent-owned by SABMiller, taken over by AB InBev in a $103 billion deal to create the world’s largest brewer last month.
Coca-Cola intends to buy the stake global beer giant Anheuser-Busch InBev holds in Coca-Cola Beverages Africa, the two companies announced October 11, 2016. The proposed deal follows AB InBev's mega-takeover of SABMiller to create the world's biggest beer company.
"It was a difficult negotiation. From the beginning the company maintained its strict position especially in the discussion of economic clauses. But in the end 90 percent of our proposals were approved", said Irguen Loayza, the vice president of the Union Embol Santa Cruz.