GFM Network News



Rivals see local battles, not global war, with new beer giant

Copenhagen/Brussels | Reuters — The prospect of a new competitor that produces one third of an entire industry’s output would normally terrify rival companies, but brewing is different. The very local nature of lagers and ales, and the fact that a price war is seen as unlikely, mean global market leader Anheuser-Busch InBev’s imminent takeover […] Read more



SABMiller rejects Labatt owner’s takeover approach

Brussels/London | Reuters –– SABMiller, the world’s second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev, saying its 68 billion-pound (C$136 billion) valuation was “very substantially” under par. Refusal of the offer, made public Wednesday after earlier proposals were refused privately, opens the door to a week of intense wrangling before […] Read more


Labatt owner AB InBev seeks US$275B tie-up with SABMiller

Brussels/London | Reuters — Anheuser-Busch InBev, the world’s largest brewer, has approached rival SABMiller about a takeover that would form a colossus producing a third of the world’s beer. A merged group would have a market value of around US$275 billion (C$363 billion) at current prices, and would combine AB InBev’s dominance of Latin America […] Read more

Molson Coors sells U.K. malting business to Soufflet

London | Reuters — Molson Coors UK has agreed to sell its U.K. maltings business Shobnall Maltings to French grain buyer Soufflet Group, the two companies said in a joint statement Monday. The deal will allow Soufflet to enter the British malt market, the second largest in the European Union, while allowing Molson Coors to focus […] Read more