It's official: Goodbye SABMiller. Hello AB InBev
Anheuser-Busch InBev (AB InBev) on 11th October 2016 announced the successful completion of the business combination with SABMiller.
The merged company, Newbelco, has now been officially renamed Anheuser-Busch InBev and the former AB InBev has been dissolved by operation of Belgian law, it said in a statement on Tuesday.
Shares in the former AB InBev will be delisted from Euronext Brussels and the Bolsa Mexicana de Valores at the opening of business on Tuesday and then delisted from the Johannesburg Stock Exchange (JSE) on Thursday, it said. The new ordinary shares will be admitted to listing and trading on Euronext Brussels, the JSE and the Bolsa Mexicana de Valores at the opening of business in each market on Tuesday, it added. Shares will start on the New York Stock Exchange at the opening of business in New York on Tuesday.
"As a truly global brewer, we will be able to achieve more together than each of us could separately," said AB InBev CEO Carlos Brito.
"We remain focused on delivering superior top-line growth and increasing shareholder value. Building on our strong heritage, passion for brewing and expanded brand portfolio, we are also committed to helping farmers, retailers, entrepreneurs and communities thrive.
“We are excited to work toward our dream: Bringing people together for a better world. Our ambition is to build a company to last - not just for a decade, but for the next 100 years."
Building on our shared commitment to sustainability, the combined group will strive to be an engine for growth and economic development across our markets, the company said.
“AB InBev will support communities by driving agricultural productivity, innovation and resilience,” it said. “The company will also help small retailers grow by expanding trade programmes and solutions, and by providing business skills training for entrepreneurs in its supply chain.”