ST. LOUIS (KTVI) – The merger of two of the world’s biggest beer companies is one step closer to completion.
We are once again talking about AB Inbev, only now SAB Miller is being added to the brew.
Wednesday shareholders of SAB Miller have now approved the $100-billion dollar buyout offer from AB Inbev.
That means this is now pretty much a done deal.
That means this combined group of companies will be one of the largest consumer goods companies in the world and will own about 1 out of every 4 beers that are sold around the world.
The big part of this deal locally is that it gets AB Inbev into Africa and many booming South and Central American countries where SAB Miller has a big presence.
In case you're wondering the name would not change
Carlos Brito said in a conference call that the name will remain AB Inbev and the name SAB Miller would go away.
The only thing left is the approval by a British court which is expected to happen.
As far as St. Louis goes, the merger is expected to have little impact on St. Louis.
The company is so lean after the merger with Inbev back in 2008 that they don't really expect to see much impact here.