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SAB's Panama business to be trasferred to Ambev

13 May 2016 07:22

Anheuser-Busch InBev has agreed to transfer SABMiller's Panamanian business to Ambev, and Ambev has agreed to transfer to AB InBev its business in Colombia, Peru and Ecuador.

"This will allow AB InBev to focus on countries where the SABMiller businesses it acquires are well established, and allow Ambev to initiate operations in Panama through the established SABMiller business and further expand its businesses in Central America," InBev said.

"The transaction is conditional on the successful closing of the proposed business combination between AB InBev and SABMiller as announced on 11 November 2015, in addition to other customary closing conditions."

Story provided by StockMarketWire.com

Related Company: SAB

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