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MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Anheuser-Busch InBev    ABI   BE0974293251

ANHEUSER-BUSCH INBEV

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Anheuser Busch InBev : AB InBev Fined by European Commission for Breaking Antitrust Rules

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05/13/2019 | 06:20am EDT

By Oliver Griffin

Anheuser-Busch InBev SA (ABI.BT) has been fined 200 million euros ($224.6 million) by the European Commission for breaking antitrust rules in the European Union.

The commission said AB InBev had abused its dominant position in the Belgian beer market by hindering cheaper imports of its Jupiler beer from the Netherlands into Belgium.

AB InBev's Jupiler beer represents 40% of the total Belgian beer market in terms of sales volume.

The commission said AB InBev sells Jupiler to retailers and wholesalers at lower prices in the Netherlands than in Belgium due to increased competition.

The beer brewing company abused its position by pursuing a deliberate strategy to restrict the possibility for supermarkets and wholesalers to buy Jupiler at lower prices in the Netherlands and import it into Belgium, the commission said.

Margrethe Vestager, commissioner in charge of competition policy, said: "Attempts by dominant companies to carve up the single market to maintain high prices are illegal. Therefore we have fined AB InBev EUR200 million for breaching our antitrust rules."

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

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Financials ($)
Sales 2019 55 290 M
EBIT 2019 18 227 M
Net income 2019 10 000 M
Debt 2019 96 062 M
Yield 2019 2,35%
P/E ratio 2019 17,12
P/E ratio 2020 17,23
EV / Sales 2019 4,34x
EV / Sales 2020 4,05x
Capitalization 144 B
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Mean consensus OUTPERFORM
Number of Analysts 30
Average target price 96,2 $
Spread / Average Target 12%
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Managers
NameTitle
Carlos Alves de Brito Chief Executive Officer
Olivier Goudet Chairman
Luis Felipe Pedreira Dutra Leite Chief Financial & Solutions Officer
Martin J. Barrington Non-Executive Director
William F. Gifford Non-Executive Director
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