Anheuser-Busch

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.

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.