Home FMCG The transaction between Asahi Breweries and SABMiller is finalized

The transaction between Asahi Breweries and SABMiller is finalized

The transaction between Asahi Breweries and SABMiller is finalized

Several beer manufacturers in Central and Eastern Europe will have a new owner, from Japan, after European officials have authorized the final parts of the business transaction.

As a result, the Asahi Breweries Company, from Tokyo (Japan) will be buying the facilities owned by SABMiller in Central and Eastern Europe. Recently, the Japanese company received the final approval from the European Commission to finalize the transaction. The Competition Councils in the countries where SABMiller has business still have to approve the acquisition.

SABMiller owns several beer brands in Europe, in countries such as the Czech Republic, Slovakia, Hungary, Poland and Romania. The transaction that Asahi Breweries is conducting has been estimated at 7,3 billion EUR.

Earlier on, SABMiller fused with AB InBev, another important beer manufacturer. One of the points stipulated in the contract was for Miller to sell its business contracts with the previously-mentioned countries. One of the beer companies included is the Romanian national manufacturer (Ursus Breweries), having a net worth of 355 million EUR in 2015 and a profit margin of approximately 10 million EUR. Brands from the other countries include Lech, Dreher, Pilsner Urquell and Tyskie.

SabMiller has been around since 1895, established in Johannesburg (South Africa). At the time of the acquisition by Anheuser-Busch InBev, it had its headquarters in London (UK) and was the second-largest brewing company, by revenues (with AB InBev taking the no. 1 spot).

Anheuser-Busch InBev SA/NV (AB InBev) was founded on 2008, in Belgium, and currently employs around 200,000 people, as of January 2017. The company managed to buy SABMiller for GBP 69 billion (79,3 billion EUR).

Asahi Breweries, Ltd. was founded in 1889 and is currently the largest beer manufacturer in Japan, with a market share of 38% as of January 2014.