Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

ANHEUSER-BUSCH INBEV

(ABI)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Distell accuses AB InBev, SABMiller merger of breach - South Africa regulator

share with twitter share with LinkedIn share with facebook
09/11/2019 | 12:45pm EDT
FILE PHOTO: The logo of AB InBev is pictured outside the brewer's headquarters in Leuven

(Reuters) - South Africa's Competition Tribunal on Wednesday said it was looking into allegations by South African alcoholic drinks firm Distell Group that the entity formed from the 2016 merger of the world's largest brewer Anheuser-Busch InBev with SABMiller breached merger conditions.

AB InBev and SABMiller were not immediately available for comment when contacted by Reuters.

Distell approached the Competition Commission with allegations that the merged entity removed competitors' advertising material from retail outlets, among others, the tribunal said in a statement, adding that the Commission found there was no breach.

Distell has now asked for a detailed review and for a full investigation to be conducted, the competition regulator said.

The tribunal said that it will consider Distell's submissions during a hearing scheduled for Thursday and Friday.

SABMiller argues that Distell's complaint is an "attempt to restrict competition and is unrelated to the merger conditions" and that the complaints "have no merit and should be dismissed," the tribunal added.

South Africa cleared Anheuser-Busch Inbev's $100 billion (80.93 billion pounds)-plus deal to acquire SABMiller in 2016 https://www.reuters.com/article/us-sabmiller-m-a-abinbev/south-africa-clears-ab-inbevs-takeover-of-sabmiller-idUSKCN0ZG1DH. The sale of SABMiller's Distell stake was a condition of the Competition Tribunal's approval of the merger.

The merger brought together AB InBev's Budweiser, Stella Artois and Corona brands with SABMiller's Peroni, Grolsch and Pilsner Urquell and brews almost a third of the world's beer, dwarfing rivals Heineken and Carlsberg.

(Reporting by Justin George Varghese in Bengaluru; Editing by Howard Goller)

Stocks mentioned in the article
ChangeLast1st jan.
ANHEUSER-BUSCH INBEV 2.69% 46.24 Delayed Quote.-38.03%
CARLSBERG A/S 1.45% 854.8 Delayed Quote.-15.21%
DISTELL GROUP HOLDINGS LIMITED -2.50% 70.69 End-of-day quote.-46.77%
DOW JONES AFRICA TITANS 50 INDEX 0.42% 465.21 Delayed Quote.-13.88%
DOW JONES SOUTH AFRICA(ZAR) 2.15% 1625.02 Delayed Quote.-11.82%
HEINEKEN HOLDING N.V. 1.76% 66.5 Delayed Quote.-24.36%
HEINEKEN N.V. 1.55% 75.88 Delayed Quote.-21.28%
JUST GROUP PLC 1.59% 42.8927 Delayed Quote.-46.56%
S&P AFRICA 40 INDEX 0.47% 154.29 Delayed Quote.-11.28%
WILL GROUP, INC. 3.63% 856 End-of-day quote.-31.63%
WORLD CO., LTD. 2.46% 1415 End-of-day quote.-47.42%
share with twitter share with LinkedIn share with facebook
All news about ANHEUSER-BUSCH INBEV
09/23ANHEUSER BUSCH INBEV : Budweiser opens scholarship program to increase diversity..
RE
09/23Brazil beermaker Ambev opens new can factory buoyed by more at-home drinking
RE
09/21ANHEUSER BUSCH INBEV : Announces Redemption of EUR 2.17 Billion Notes
PU
09/19U.S. approves Anheuser-Busch deal to buy Craft Brew Alliance
RE
09/18U.S. approves Anheuser-Busch deal to buy Craft Brew Alliance
RE
09/18ANHEUSER BUSCH INBEV : U.S. approves Anheuser-Busch deal to buy Craft Brew Allia..
RE
09/18AB INBEV : Credit Suisse reiterates its Neutral rating
MD
09/18AB INBEV : Barclays reiterates its Neutral rating
MD
09/17Carlsberg raises 2020 outlook on strong sales in China, Eastern Europe
RE
09/15ANHEUSER BUSCH INBEV : Announces Results of Cash Tender Offers for Any and All o..
PU
More news
Financials (USD)
Sales 2020 45 249 M - -
Net income 2020 702 M - -
Net Debt 2020 85 169 M - -
P/E ratio 2020 211x
Yield 2020 2,11%
Capitalization 103 B 103 B -
EV / Sales 2020 4,17x
EV / Sales 2021 3,73x
Nbr of Employees 170 000
Free-Float 39,4%
Chart ANHEUSER-BUSCH INBEV
Duration : Period :
Anheuser-Busch InBev Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ANHEUSER-BUSCH INBEV
Short TermMid-TermLong Term
TrendsBearishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 66,26 $
Last Close Price 52,40 $
Spread / Highest target 85,0%
Spread / Average Target 26,4%
Spread / Lowest Target -22,4%
EPS Revisions
Managers
NameTitle
Carlos Alves de Brito Chief Executive Officer
Martin J. Barrington Chairman
Fernando Mommensohn Tennenbaum Chief Financial Officer
David Almeida Chief Strategy & Technology Officer
William F. Gifford Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANHEUSER-BUSCH INBEV-38.03%103 195
HEINEKEN N.V.-21.28%49 944
BUDWEISER BREWING COMPANY APAC LIMITED-12.36%39 320
AMBEV S.A.-31.23%36 261
CHINA RESOURCES BEER (HOLDINGS) COMPANY LIMITED8.58%19 589
CARLSBERG A/S-15.21%19 490