The beer industry a case of surprised day big mergers and acquisitions is brewing, the world largest brewer Anheuser Busch InBev announced plans to launch a bid industry second SAB Miller (SABMiler).
In September 16th, SAB Miller and Yu Eihiro has issued a statement confirmed, Budweiser InBev intends to bid Miller SAB. SAB Miller is also required, Anheuser Busch InBev must be in on October 14 in the afternoon before five o'clock announced that determine the intention to acquire or showed no longer interested in the SAB Miller issued a tender offer. Anheuser Busch InBev acquisition of British SABMiler financing and transaction size may reach 75 billion pounds ($122 billion dollars) last year, rumors said. "Daily economic news" reporter noted, the two major wine enterprises sitting across more than one third of the beer market. In the future, if "marriage", may face us multinational antitrust scrutiny. In China, SAB Miller is the main shareholder of Huarun snow, holding 49%. The outside world that, for the completion of the acquisition, Budweiser InBev or let SAB Miller peel Huarun snow.
Boss want to buy second
September 16, SAB Miller took the lead in its official website: "response news speculation" said in a statement, SAB Miller board attention to recent media speculation, the board of directors confirm Anheuser Busch InBev (Anheuser-BuschInBevSA/NV) has informed the SAB Miller, plans to issue the SAB Miller's acquisition of the proposal. Anheuser Busch InBev then issued a statement has been confirmed on the two companies jointly the issue and SAB Miller director will contact, hope was trading.
"The acquisition is Budweiser InBev common way." Beer expert Vincent Fang said, in the past, Anheuser Busch InBev has relied on M & A in beer industry to become the largest company and SAB did not like the past as opposed because of the capital profit ".
The actual market rumors, Budweiser InBev plans to acquire SAB Miller long-standing. As early as the end of 2011 and last year, there was a similar acquisition of information disclosure. In September last year, rumors Budweiser InBev is financing for the acquisition to the bank.
SAB Miller introduced himself in the preceding statement, the company's business for beer and soft drinks, the company has a variety of local brands or brands of beer in 200. In addition, a fiscal year ending March 31, SAB Miller sold 3.24 million liters of beer and soft drinks and EBITA (earnings before interest, taxes, depreciation and amortization of profit) for 6.367 billion.
There are Budweiser, age, and other well-known brands Corona Budweiser InBev's. In 2013, Anheuser Busch InBev occupy nearly 20% of the global beer market share, SAB Miller and Heineken respectively occupy 9.6% and 9.3% share, according to Euromonitor data service providers. If the merger, will occupy 1/3 of the global beer market, will also create a new high price of mergers and acquisitions.
Value the African market?
Such as Africa SAB Miller layout more beer market, InBev or Budweiser more value.
SAB Miller's brand has Peroni, Miler and Foster's. The reason for the acquisition of Anheuser Busch InBev, the Wall Street knowledge, "the report pointed out that the current global beer sales growth the fastest area in Africa, which is SAB Miller beer market hinterland, and Anheuser Busch InBev almost no coverage of the market. Only by Africa market, SAB Miller is the most favorite Budweiser InBev takeover target.
The report also believes that acquired another reason is that although Anheuser Busch InBev owns 20% global market share, but most of the market are in the Americas, North and South America with the sales of about 70%. But Anheuser Busch InBev's flagship Budweiser beer in the North American market growth is facing the ceiling, where the South American market is also facing the dilemma of slowing growth.
Want to swallow SAB Miller, Budweiser InBev must pay over billions of dollars of funding. September 2014, the Wall Street Journal reported, said people familiar with the matter said, Anheuser Busch InBev is with the bank contact to seek an estimated 750 billion pounds ($122 billion) takeover, with the goal of SAB Miller.
Just think, if all the acquisition of SAB Miller, Budweiser InBev will spend about $120000000000. Throughout the previous acquisitions, Budweiser InBev have invested a lot of money. In 2004, Brazil's ambev and Belgium's Interbrew company merger for Anheuser Busch InBev, at one stroke to become the first in the world production of beer company. In 2008, Anheuser Busch InBev to spend $52 billion acquisition of beer brand Ann Hayes (Anheuser Busch, a brewing wine industry M & a record. In 2013, the company also bought the Mexico brewery GrupoModelo (mo de Luo group, Corona beer owner) for 20000000000 dollars.
Huarun snow and Budweiser or difficult to work together
Budweiser InBev group behind the station is the major shareholder of Brazil private equity fund 3G. It is reported that the relationship between the 3G group and Warren Buffett. In the earlier this year Heinz group merger Kraft Foods trading, there is also the form of group 3G.
In Vincent Fang's view, if the acquisition of the trip, it will be possible to involve antitrust investigation, "Anheuser Busch InBev is unlikely to get a stake in China Resources Snow." Taking into account the huge size of the two groups, the deal still needs to be reviewed by a number of countries including China and the United States. The analysis thinks, Anheuser Busch InBev will likely sell SAB Miller in Sino US joint venture stake -- in American enterprises is millercoors (MilerCoors). In China enterprise is China Resources Snow. "Similar acquisitions, in accordance with the relevant laws, in many countries will be involved in antitrust investigation." A domestic research on anti monopoly law said yesterday, Anheuser Busch InBev launched large acquisitions, on the definition of monopoly may be involved in the category of "business operator concentration", namely the market hold rate reached a certain percentage of SAB Miller is the world's second largest beer maker in, also is the Hua Runxue spent the second big
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