Anheuser-Busch InBev NV has reported a10 percent drop in profit for fourth quarter of 2015. The brewer is suffering from sluggish market in the US. As a result, revenues for fourth quarter fell to $3.23 billion from $3.33 billion.
SABMiller
Breaking News
Denver-based Molson Coors Brewing Co is in advanced stage of buying rest of the stake of SABMiller in Miller Coors LLC for $12 billion. This buyout will make the way clearer for $106-billion merger of SABMiller Plc and Anheuser-Busch InBev NV.
SABMiller (SAB.L) is buying Britain's Meantime Brewing Company, swallowing up one of the pioneers of the country's craft brewing movement to give the owner of big brands such as Peroni and Grolsch exposure to a fast-growing part of the drinks market.
European stock markets rode out a rough morning to move higher on Monday, recovering some poise at the start of a week likely to be dominated by a meeting of the U.S. Federal Reserve and Scotland's vote on whether to leave the United Kingdom.
Dutch brewer Heineken HEIN.AS said on Sunday it was approached by larger rival SABMiller SAB.L about a potential takeover but that its controlling shareholder intended to keep the company independent.
SFW Capital Partners made a strategic investment in California-based Industrial Dynamics Company (DBA Filtec) for growth and product expansion.
The consolidation of Anheuser-Busch InBev and SABMiller was a natural progression when there were only a few markets to tap, said industry analysts.
