World Of Beer

A sidelight on our global world: Belgian brewing giant InBev is taking over the storied U.S. brewer, Anheuser-Busch. The $52 billion roll-up of roll-ups would create the world’s largest brewer and one of the five largest consumer products companies. The pair said today that they have closed the deal now it has the regulatory clearances it needs. The big ones: the U.S., the E.U. and the U.K; the last one: China. The Commerce Ministry today approved InBev’s takeover of Anheuser-Busch’s Chinese operations under the new anti-monopoly law, but put limits on future acquisitions by the combined company. Anheuser-Busch owns 27% of China’s largest brewer, Tsingtao Beer;  InBev has 28.5% of Zhujiang Beer. Anheuser-Busch InBev, as the combined company will be known, will also not be allowed to link up with the two other leading Chinese breweries, Huarun Snow Beer and Beijing Yanjing Beer. Global consolidation stops at the border.

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