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Merger of Brahma and Antarctica
In Brazil, two of the country's largest breweries, Companhia Cervejaria Brahma (founded in 1888) and Companhia Antarctica Paulista (founded in 1885), merged to form AmBev in 1999. Purpose: To consolidate the beer and soft drinks market in Latin America. Impact: AmBev became the largest beverage company in Latin America, controlling nearly 70% of the Brazilian beer market at the time. -
Merger of Interbrew and AmBev (Creation of InBev)
The Belgian company Interbrew (owner of Stella Artois and Beck’s) and the Brazilian company AmBev merge to form InBev.
Transaction value: Approximately $11.5 billion USD. -
Acquisition of Anheuser-Busch by InBev
InBev acquired Anheuser-Busch, the iconic U.S. brewer known for Budweiser, Bud Light, and Michelob.
Transaction value: $52 billion USD. -
Acquisition of Grupo Modelo (Mexico)
AB InBev acquires Grupo Modelo, the maker of brands such as Corona, Modelo, and Pacífico.
Context: AB InBev already held a 50% non-controlling stake via a previous partnership.
Transaction value: $20.1 billion USD for the remaining 50% stake that AB InBev didn’t already own. -
Merger with SABMiller
AB InBev acquired its biggest competitor, SABMiller, known for brands such as Castle, Peroni, and Miller.
Transaction value: Approximately $103 billion USD.
Impact: AB InBev solidified its position as the undisputed leader of the global beer market.
Post-merger, the company controlled approximately one-third of all beer sold worldwide.