SABMiller

Brewers Anheuser-Busch InBev and Anadolu Efes have agreed to merge their businesses in Russia and Ukraine, following years of decline in the Russian beer market due to tighter regulation.

Turkey's largest beer maker Anadolu Efes has announced that Robin Michael Goetzsche, who has been serving as its president and CEO since November 2015, will be leaving his position as of Dec. 31.

A statement to the Public Disclosure Platform (KAP) on Nov. 21 said Goetzsche will be leaving due to personal reasons. 

Anheuser-Busch In Bev SA/NV's merger with SABMiller Plc is unlikely to alter the competitive landscape of the European beer market over the next 12-24 months, as it will take time for the combined entity to hit its stride, Moody's Investors Service said in a special report published on Feb. 2. 

British brewer SABMiller, fresh from agreeing to a vast $121-billion takeover from global leader Anheuser-Busch InBev, posted sliding first-half net profits on Nov. 12 on the back of the strong dollar.

The world's top brewer Anheuser-Busch InBev clinched Nov. 11 a gigantic formal $121-billion deal for its nearest rival SABMiller, in the third biggest takeover in global corporate history.

British brewer SABMiller announced on Oct. 13 that it had agreed a takeover by Anheuser-Busch InBev, the world's biggest beer producer, in a deal worth about $109 billion (71 billion, 96 billion euros).

Belgian-Brazilian group AB InBev, the maker of Budweiser and Stella Artois lagers, struck a deal with the maker of Foster's and Grolsch at the fifth time of asking.

Brewer SABMiller on Oct. 7 said its board had "unanimously rejected" the third takeover offer from rival AB InBev, insisting it "substantially" undervalues the group.

Anadolu Group, the Turkish conglomerate that owns Efes Pilsen, the country’s largest brewer, is not considering selling its global brand, the group’s chairman has said, after recent reports that SABMiller, the sector giant, had made an offer for it.

By Andrew Roberts

Europeans will spend 3 percent less on Christmas this year as the euro region struggles to grow and unemployment remains high, a study showed.