Beverages - Brewers
PIVOVARNA LASKO dd to Sell Stake in Mercator dd to Akrokor dd
PIVOVARNA LASKO dd announced that it will sell 317,498 shares of Mercator dd to Agrokor dd, representing a 8.43% stake for the price of EUR 120 per share. Further details were not disclosed.
Grupo Modelo SAB de CV Completes Sale of Its US Business To Constellation Brands, Inc; Establishes Transition Services Agreement With Anheuser Busch Inbev SA And Constellation Brands, Inc
Grupo Modelo SAB de CV (Grupo Modelo) announced that it on June 7, 2013 it completed the sale of Grupo Modelo’s United States business to Constellation Brands, Inc (Constellation). The transaction includes the sale of Grupo Modelo’s Piedras Negras brewery, Grupo Modelo’s 50% stake in Crown Imports and perpetual rights to Grupo Modelo’s brands distributed by Crown in the United States. Constellation will now be an independent brewer and marketer of beer in the United States. Grupo Modelo, Anheuser Busch Inbev SA (AB InBev) and Constellation have established a three-year transition services agreement to ensure the smooth transition of the operation of the Piedras Negras brewery. During this timeframe, Constellation has committed to invest approximately USD 500million-USD 600 million to expand the Piedras Negras facility, which will ultimately enable it to supply 100% of Crown’s needs for the United States marketplace. This transaction is related to the combination of AB InBev and Grupo Modelo, which was completed on June 4, 2013.
Anheuser Busch Inbev SA Completes Combination with Grupo Modelo SAB de CV And Announces Settlement Of Tender Offer
Anheuser Busch Inbev SA (AB InBev) and Grupo Modelo SAB de CV (Grupo Modelo) announced that AB InBev has completed its combination with Grupo Modelo in a transaction valued at USD 20.1 billion. The combination is a natural next step given the long-term partnership between AB InBev and Grupo Modelo, which started more than 20 years ago. The combined company will benefit from the growth potential that Modelo brands such as Corona have globally outside of the United States, as well as locally in Mexico, where there will also be opportunities to introduce AB InBev brands through Modelo’s distribution network. The combined company will lead the global beer industry with roughly 400 million hectoliters of beer volume annually. The combination is also expected to generate approximately USD 1 billion in cost synergies. In connection with the completion of the combination, AB InBev announced the settlement of the all-cash tender offer for the remaining shares of Grupo Modelo that it did not already own for USD 9.15 per share. As of May 31, 2013, approximately 89% of Grupo Modelo’s outstanding Series C common shares were tendered and acquired in the tender offer by a subsidiary of AB InBev. AB InBev now owns approximately 95% of Grupo Modelo’s outstanding common shares.
Anheuser Busch Inbev SA Completes Combination with Grupo Modelo SAB de CV And Announces Settlement Of Tender Offer
Anheuser Busch Inbev SA (AB InBev) and Grupo Modelo SAB de CV (Grupo Modelo) announced that AB InBev has completed its combination with Grupo Modelo in a transaction valued at USD 20.1 billion. The combination is a natural next step given the long-term partnership between AB InBev and Grupo Modelo, which started more than 20 years ago. The combined company will benefit from the growth potential that Modelo brands such as Corona have globally outside of the United States, as well as locally in Mexico, where there will also be opportunities to introduce AB InBev brands through Modelo’s distribution network. The combined company will lead the global beer industry with roughly 400 million hectoliters of beer volume annually. The combination is also expected to generate approximately USD 1 billion in cost synergies. In connection with the completion of the combination, AB InBev announced the settlement of the all-cash tender offer for the remaining shares of Grupo Modelo that it did not already own for USD 9.15 per share. As of May 31, 2013, approximately 89% of Grupo Modelo’s outstanding Series C common shares were tendered and acquired in the tender offer by a subsidiary of AB InBev. AB InBev now owns approximately 95% of Grupo Modelo’s outstanding common shares.
Anheuser Busch Inbev SA Announces Expiration Of Tender Offer For All Outstanding Grupo Modelo SAB de CV’s Shares
Grupo Modelo SAB de CV announced that on May 31, 2013 Anheuser Busch Inbev SA (AB InBev) informed about the expiration of the tender offer by its wholly owned subsidiary, Anheuser-Busch Mexico Holdings SRL de CV, to acquire all outstanding shares of Grupo Modelo SAB de CV (Modelo) not already owned by AB InBev for USD 9.15 per share in cash. The tender offer expired at 2:00 p.m., Mexico City time, on May 31, 2013. The exchange agent for the tender offer has advised that, as of the expiration of the tender offer, a preliminary total of 1,966,744,040 shares had been tendered into and not withdrawn from the tender offer, representing approximately 89% of Modelo’s outstanding Series C shares not previously owned by AB InBev. When added to AB InBev’s existing ownership interest in Modelo, AB InBev and its affiliates will, following the settlement of the tender offer, own approximately 95% of Modelo’s outstanding shares. All shares that were validly tendered into the tender offer and not properly withdrawn have been accepted for payment and will be paid for promptly in accordance with the terms of the tender offer.
Anheuser Busch Inbev SA Announces Expiration Of Tender Offer For All Outstanding Grupo Modelo SAB de CV’s Shares
Grupo Modelo SAB de CV announced that on May 31, 2013 Anheuser Busch Inbev SA (AB InBev) informed about the expiration of the tender offer by its wholly owned subsidiary, Anheuser-Busch Mexico Holdings SRL de CV, to acquire all outstanding shares of Grupo Modelo SAB de CV (Modelo) not already owned by AB InBev for USD 9.15 per share in cash. The tender offer expired at 2:00 p.m., Mexico City time, on May 31, 2013. The exchange agent for the tender offer has advised that, as of the expiration of the tender offer, a preliminary total of 1,966,744,040 shares had been tendered into and not withdrawn from the tender offer, representing approximately 89% of Modelo’s outstanding Series C shares not previously owned by AB InBev. When added to AB InBev’s existing ownership interest in Modelo, AB InBev and its affiliates will, following the settlement of the tender offer, own approximately 95% of Modelo’s outstanding shares. All shares that were validly tendered into the tender offer and not properly withdrawn have been accepted for payment and will be paid for promptly in accordance with the terms of the tender offer.
Beijing Yanjing Brewery Co Ltd Completes Issuance of Shares
Beijing Yanjing Brewery Co Ltd announced that it has completed the issuance of 284,768,676 A shares with par value of RMB 1.00 per share at RMB 5.76 per share, through public offering, effective May 24, 2013.
Compania Cervecerias Unidas SA To Propose Share Capital Increase
Compania Cervecerias Unidas SA announced that on May 26, 2013 the Board of Directors agreed to call the Extraordinary Shareholders Meeting to be held on June 18, 2013 to submit to the shareholders for approval a share capital increase in the amount of CLP 340,000,000,000.
SABMiller PLC Recommends Final Dividend
SABMiller PLC announced that the board has recommended a final dividend of 77.0 US cents per share which will be paid to shareholders on August 23, 2013. This brings the total dividend for the year to 101.0 US cents per share, an increase of 10.0 US cents over the prior year.
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Analyst Research
| Report Title | Price |
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Provider: Bohai Securities Co.,Ltd.
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$115.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: Pechala's Reports
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$10.00
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