AB InBev maintains focus on mega-deal

SOUTH AFRICA – Anheuser-Busch InBev (AB InBev) on Thursday proposed a final dividend of €2 per share subject to shareholder approval at the company’s annual general meeting.

“In 2015, we not only took significant steps towards building a company that will stand the test of time, but also delivered a year of solid growth and progress against our commercial priorities,” the brewer said.

“We continue to work towards realising our dream: to be the best beer company bringing people together for a better world,” said AB InBev.

The company said revenue grew 6.3% in the 2015 financial year compared with the year-earlier period. Headline earnings per share (HEPS) fell to $4.87 from $5.64.

The Belgium-based brewer said it still aimed to close its $108bn acquisition of rival SABMiller in the second half of this year, a move that would make it the world’s largest brewing company.

At 10.08am, AB InBev’s share price was down 1.72% to R1,774.02 valuing the company at about R2.9-trillion.

February 29, 2016; http://www.bdlive.co.za/business/retail/2016/02/25/ab-inbev-maintains-focus-on-mega-deal

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