Anheuser-Busch InBev NV is making a $93 billion play to acquire SABMiller Plc. If successful the two biggest beermakers in the world would combine to control nearly half of the brewing industry’s profits.
Shares at both companies jumped on news of the possible buyout. SABMiller shares rose 23 percent for a market valuation of approximately $93 billion. AB InBev also watched shares jump by 12 percent.
AB InBev alerted SABMiller to its intentions but provided no details at this time.
AB InBev was formed during a series of purchases by a group of Brazilian businessmen. They went on a buying spree purchasing Belgium’s Stella Artois, American-made Budweiser, and others.
The beer industry has been under a tremendous amount of consolidation over the last decade as a slowdown has occurred in many established markets including the United States and Europe. Many American’s have begun to swap their beer for spirits, while others have simply begun to drink less.