M&A mouthful

2 March 2017 By Carol Ryan

The mega-brewer expects savings from its SABMiller tie-up to reach $2.8 billion, 14 percent more than its initial estimate. Yet the upgrade is significantly smaller than it managed with previous deals. Taking on ever-bigger targets is testing its knack for squeezing expenses.

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Brewer Anheuser-Busch InBev on March 2 raised its forecast for total savings from the acquisition of SABMiller to $2.8 billion from $2.45 billion on a constant currency basis.

The company said that between April 1 and Dec. 31 last year, $282 million of synergies and cost savings were realised in connection with the combination with SABMiller, in addition to the $547 million reported by SABMiller by March 31.

Full-year revenue increased by 2.4 percent, while total volumes declined by 2 percent.

The company’s shares were down 2.8 percent at 101.75 euros by 0955 GMT on March 2.

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M&A mouthful

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