At a meeting in London yesterday, SABMiller’s shareholders overwhelmingly voted in favour of £79bn takeover by AB InBev.
SABMiller shareholders voted 95.46% in favour of the deal, clearing the last major hurdle for one of the largest corporate mergers in history which is now expected to be completed on 10 October.
The deal will create the world’s largest brewer, accounting for 27% of global beer sales with annual revenues of around $55bn. The enlarged group will operate under the AB InBev name.
Commenting on the shareholder vote, Carlos Brito, CEO of AB InBev said: “We are pleased that our shareholders’ vote brings us one step closer to combining our companies, teams, strong heritage and passion for brewing. We are committed to driving long-term growth and creating value for all our stakeholders.”