Last updated on November 16th, 2015 at 12:20 pm
Anheuser-Busch InBev formally has agreed to buy SABMiller for $107.7 billion. Under the terms of the purchase agreement, Molson Coors will acquire SABMiller’s 50 percent voting interest and 58 percent economic interest in MillerCoors. After completion of the transaction, MillerCoors will become a wholly owned subsidiary of Molson Coors.
Molson Coors will acquire full ownership of the Miller brand portfolio outside of the U.S. and retain the rights to all of the brands currently in the MillerCoors portfolio for the U.S. market, including import brands such as Peroni and Pilsner Urquell. The sale also includes the global Miller brand, currently sold in more than 25 countries (including Canada, Colombia, Czech Republic, Ecuador, Mexico, Panama, Romania, Russia, South Africa and the United Kingdom) as well as related trademarks and other intellectual property rights.
“Our combination with SABMiller is about creating the first truly global beer company and bringing more choices to beer drinkers in markets outside of the U.S. We are pleased to have reached this agreement with Molson Coors to divest SABMiller’s U.S. assets. We will continue to proactively address any regulatory concerns regarding our combination with SABMiller in other relevant markets,” said Carlos Brito, CEO of AB InBev.
Mark Hunter, president and CEO of Molson Coors, added, “SABMiller has been an excellent partner for the past seven years, and we are extremely proud of the organization that our teams have created. We have a deep passion for and understanding of the MillerCoors brands, strategy and culture and believe this transaction is the ideal outcome for this business. We look forward to continuing to provide our distributors, retailers and consumers with an extraordinary portfolio of brands.”
The MillerCoors and SABMiller transactions are conditional upon the receipt of federal regulatory approvals.