全球最大啤酒釀造商百威英博(Anheuser-Busch InBev)正考慮收購競爭對手SABMiller。這筆潛在交易將締造一家2750億美元的企業,屆時全球每三瓶啤酒就有一瓶是該企業生產的。
該交易的一方擁有百威啤酒(Budweiser)和時代啤酒(Stella Artois)品牌,另一方擁有佩羅尼(Peroni)品牌和高仕啤酒(Grolsch)品牌。合并后的企業已有“巨型釀酒商”之稱。該交易的規模將進入史上前六大交易之列。而且,在大宗并購交易已經是2007年來最強的今年,其規模將位居榜首。
該交易將標志著全球啤酒釀造業一輪非同尋常的整合進入新階段,其推動者是以豪爾赫?保羅?萊曼(Jorge Paulo Lemann)為首的一組巴西投資者。這些投資者還創辦了巴西私募股權集團3G資本(3G Capital),該集團一直在收購亨氏(Heinz)、卡夫(Kraft)和漢堡王(Burger King)等美國食品企業——其中部分收購是在投資者沃倫?巴菲特(Warren Buffett)的支持下發起的。
過去十年,經過一系列并購交易,百威英博和SABMiller已成為全球最大的兩家啤酒釀造商。再加上喜力(Heineken)和嘉士伯(Carlsberg),這些企業生產的啤酒占了全球一半。
考慮到兩家企業的規模,在包括美國和中國在內的多個國家,為獲得監管機構對并購交易的批準,百威英博將不得不同意出售一些資產。SABMiller通過與Molson Coors建立的合資企業米勒康勝(MillerCoors),占有美國啤酒市場30%的份額。此外,通過與華潤創業(China Resources Enterprise)建立的合資公司,SABMiller還占有中國啤酒市場23%的份額。(中國進出口網)
Anheuser-Busch InBev, the world’s largest brewer, is exploring a takeover of rival SABMiller in a deal that would create a $275bn company responsible for one out of every three beers produced globally.
A tie-up between the owner of Budweiser and Stella Artois and the group behind Peroni and Grolsch, dubbed “mega-brew”, would rank as one of the six largest takeovers in history and the biggest in a year that was already the strongest for blockbuster deals since 2007.
It would mark the latest stage of a remarkable consolidation in the global brewing industry driven by a group of Brazilian investors led by Jorge Paulo Lemann. They are also the founders of 3G Capital , the Brazilian private equity group which has been buying up US food companies such as Heinz, Kraft and Burger King sometimes with the support of investor Warren Buffett.
A series of deals over the past decade have transformed AB InBev and SABMiller into the world’s two biggest brewers. They, along with Heineken and Carlsberg , make half the world’s beer.
Given the size of the two companies, AB InBev would have to agree to divestitures to obtain regulatory approval for a deal in multiple countries, including the US and China. SABMiller has a near-30 per cent share of the US beer market via MillerCoors, its joint venture with Molson Coors. It also has 23 per cent of China’s beer market through a joint venture with China Resources Enterprise.