AB InBev (NYSE: BUD) is a publicly listed company headquartered in Leuven, Belgium that owns 21 consumer brands, and has 7 recorded transactions.[1][2]
AB InBev is the largest brewer in the world, formed in 2008 when the Belgian-Brazilian InBev acquired Anheuser-Busch and enlarged again in 2016 by taking over SABMiller. Its beers are sold in about 150 countries.
Read from AB InBev's latest annual filing[1]. Each line gives the sentence the filing uses, copied word for word.
In 2002, Interbrew acquired Beck's for 3.5 billion German marks.
In 2016, we completed our combination with SAB, valued at a gross purchase consideration of USD 114 billion.
Notable historical examples include the creation of Ambev in 2000 through the combination of Brahma and Antarctica, the acquisition of Beck's by Interbrew in 2002, the combination of Ambev and Quilmes in 2003, Ambev gaining control of Labatt in 2004 and the creation of InBev in 2004 from the combination of Interbrew and Ambev.
On 22 April 2022, we announced our decision to sell our non-controlling interest in the AB InBev Efes joint venture, in which we own a 50% non-controlling stake and which we do not consolidate, and that we were in active discussions with Anadolu Efes, the controlling shareholder of AB InBev Efes, to acquire that interest.
In 2013, in another transaction related to the combination with Grupo Modelo, Grupo Modelo completed the sale of its U.S. business to Constellation Brands, Inc. for approximately USD 4.75 billion, in aggregate.
In December 2016, we also completed the sale of our brewery located in Obreg n, Sonora, M xico to Constellation Brands, Inc. for a sale price of approximately USD 600 million.
On 22 April 2022, we announced our decision to sell our non-controlling interest in the AB InBev Efes joint venture and that we were in active discussions with Anadolu Efes, the controlling shareholder of AB InBev Efes, to acquire that interest.
In 2020, we completed: the sale of our Australia business (Carlton & United Breweries) to Asahi for AUD 16.0 billion, resulting in net proceeds of USD 10.8 billion.
Headline figures from AB InBev's annual reports filed with the US Securities and Exchange Commission, in USD as reported, fiscal years ending 2020–2025. Revenue moved from $46.9bn to $59.3bn, an average of 4.8% a year (calculated).
| Fiscal year ended | Revenue | Operating income | Operating margin | Net income | Total assets | Long-term debt | Filing |
|---|---|---|---|---|---|---|---|
| $59.3bn | $15.4bn | 26.0% | $8.48bn | $218.8bn | — | 20-F | |
| $59.8bn | $15.5bn | 25.9% | $7.42bn | $206.6bn | — | 20-F | |
| $59.4bn | $14bn | 23.5% | $6.89bn | $219.3bn | — | 20-F | |
| $57.8bn | $14.5bn | 25.1% | $7.6bn | $212.9bn | — | 20-F | |
| $54.3bn | $13.8bn | 25.5% | $6.11bn | $217.6bn | — | 20-F | |
| $46.9bn | $9.62bn | 20.5% | $2.2bn | $226.4bn | — | 20-F |
Source: SEC XBRL company facts. A dash means the company did not report that line in a form we could read. Figures for a year can be restated in a later filing; the latest filing's number is shown.
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
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Full portfolio, 21 brands, with sources → · Competitors by shared categories →
AB InBev acquired SABMiller in one of the largest takeovers ever recorded, creating a brewer with roughly a quarter of the beer sold worldwide. Regulators in the United States, Europe, China and South Africa required extensive divestitures, including SABMiller's stake in MillerCoors and its European Peroni, Grolsch and Meantime brands.
Belgian-Brazilian brewer InBev acquired Anheuser-Busch for $70 a share in cash after an initially hostile approach, creating Anheuser-Busch InBev and moving control of Budweiser out of the United States.
Asahi acquired Carlton & United Breweries, the Australian business AB InBev had inherited with SABMiller, giving it Victoria Bitter and Carlton Draught. The Australian competition regulator required Asahi to divest several cider and beer brands before approving the deal.
Asahi bought SABMiller's central and eastern European businesses from AB InBev, including Pilsner Urquell in the Czech Republic and Tyskie in Poland, in the second and larger tranche of divestitures required to clear the SABMiller merger.
AB InBev sold Peroni, Grolsch and Meantime to Asahi as part of the divestitures required to obtain competition clearance for its acquisition of SABMiller. It was the Japanese brewer's first substantial European business.
Molson Coors bought SABMiller's 58% of the MillerCoors joint venture and the worldwide Miller brand portfolio, a divestiture required to let AB InBev complete its takeover of SABMiller.
To settle the Department of Justice lawsuit blocking AB InBev's acquisition of Grupo Modelo, AB InBev sold Constellation Brands the perpetual rights to Corona, Modelo Especial and Pacífico in the United States, together with the Piedras Negras brewery. This is why Corona has a different owner in the United States than everywhere else.
AB InBev controlled these 3 brands in the past. Each row shows when the ownership ended and who holds the brand now, so a page that once said AB InBev owned it still shows why it no longer does.
| Brand | Owned until | Owner today |
|---|---|---|
| Carlton Draught | Jun 2020 | Asahi Group |
| Victoria Bitter | Jun 2020 | Asahi Group |
| Peroni | Oct 2016 | Asahi Group |
| Case | Regulator | Decision | Date |
|---|---|---|---|
| 1:13-cv-00127 (D.D.C.) | doj antitrust | cleared with remedies | 19 April 2013 |
| InBev NV/SA / Anheuser-Busch Companies, Inc | cma | cleared | 18 November 2008 |
The documents behind the figures on this page, as listed in the SEC's EDGAR index. Each links to the filing itself.
| Filed | Form | What it declares |
|---|---|---|
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer | |
| 6-K | Report of a foreign private issuer |
AB InBev owns 21 consumer brands tracked here, including Budweiser, Beck's, Corona, Stella Artois, Castle Lager and Aguila.
Yes. AB InBev is headquartered in Leuven, Belgium and was founded in 2008.
AB InBev is a publicly listed company owned by its shareholders; it trades as BUD on the NYSE.
The most recent completed acquisition recorded here is Castle Lager and Aguila on 10 October 2016.
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
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