InBev

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InBev () is a brewing company that resulted from the merger between Belgium-based company Interbrew and Brazilian brewer AmBev which took place in 2004. It existed independently until the acquisition of Anheuser-Busch in 2008, which formed Anheuser-Busch InBev (abbreviated AB InBev). InBev had operations in over 30 countries and sales in over 130 countries. In 2006, it had a market capitalization of €30.6 billion and net profit of €3.2 billion on sales of €13.3 billion. On 13 July 2008 InBev agreed to buy Anheuser-Busch, forming a new company to be named Anheuser-Busch InBev. It was reported that Anheuser would get two seats on the combined board. To obtain antitrust approval in the United States, InBev agreed to divest itself of the company that imported Labatt's beer, another InBev brand, into the United States; this transaction was completed on 13 March 2009. The all-cash agreement, for $70 per share, or almost $52 billion, created the world's largest brewer, uniting the maker of Budweiser and Michelob with the producer of Stella Artois, Bass and Brahma. The two companies would have yearly sales of more than $36.4 billion, surpassing the previous largest brewer, London-based SABMiller. On 10 October 2016 Anheuser-Busch InBev acquired SABMiller for £69 billion (US$107 billion). SABMiller then ceased trading on global stock markets. The new company, now Anheuser-Busch InBev SA/NV, subsequently sold SAB's MillerCoors beer company to Molson Coors and sold many of the European brands to Asahi Breweries.