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| Company type | Subsidiary |
|---|---|
| Industry | Consumer goods |
| Founded | 1895 (Johannesburg) |
| Headquarters | Johannesburg , South Africa |
Area served | Southern Africa |
| Products | Beer, soft drinks |
Number of employees | Approximately 9,400[1] |
| Parent | Anheuser-Busch InBev SA/NV |
| Website | www.sab.co.za |
South African Breweries (officially The South African Breweries Limited, informally SAB) is a major brewery headquartered in Johannesburg, South Africa and was a wholly owned subsidiary of SABMiller until its interests were sold to Anheuser-Busch InBev on 10 October 2016.[2] South African Breweries is now a direct subsidiary of Anheuser-Busch InBev SA/NV.[3][4]
The company that is now South African Breweries was founded in 1895 as Castle Brewery to serve a growing market of miners and prospectors in and around Johannesburg. Two years later, it became the first industrial company to list on the Johannesburg Stock Exchange and the year after (1898) it listed on the London Stock Exchange.[5] In 1950, SAB relocated its headquarters and control from London to South Africa.[5] In 1955, Castle Brewing purchased the Ohlsson's and Chandlers Union breweries, and the group was renamed South African Breweries.
From the early 1990s onward, the company increasingly expanded internationally, making several acquisitions in both emerging and developed markets. In 1999, it formed a new UK-based holding company, SAB plc, and moved its primary listing to London. In May 2002, SAB plc acquired Miller Brewing, forming SABMiller plc.
On 10 October 2016, Anheuser-Busch InBev acquired SABMiller for £69 billion (US$107 billion at the time the deal closed).[6] The arrangement had been approved by shareholders of both companies on 28 September 2016, and the deal closed on 10 October 2016.[7][8] The acquisition ended the corporate use of the name SABMiller. After the deal closed, the new company's name changed slightly, to Anheuser-Busch InBev SA/NV (abbreviated as AB InBev); it is trading as ABI on the Brussels Stock Exchange, as BUD on the New York stock exchange and as ANH on the Johannesburg market.[9] SABMiller ceased trading on global stock markets.[10]
- ^ "Corporate Brochure". The South African Breweries Ltd. Archived from the original on 12 September 2011. Retrieved 5 December 2011.
- ^ "SABMiller says Heineken calls time on Amstel licence". Reuters. 13 March 2007. Retrieved 5 December 2011.
- ^ "Company Overview of SABMiller Limited". Bloomberg L.P. 14 November 2016. Retrieved 4 February 2017.
The company was formerly known as South African Breweries plc and changed its name to SABMiller plc in July 2002.
- ^ "Company Overview of SABMiller Limited". Bloomberg L.P. 14 November 2016.
The company was formerly known as South African Breweries plc and changed its name to SABMiller plc in July 2002.
- ^ a b "SABMiller - Investors - Understanding SABMiller - Heritage". Archived from the original on 2 February 2013.
- ^ "AB InBev, SABMiller clink glasses for £69-b deal". Business Line.
- ^ Mickle, Tripp (28 September 2016). "SABMiller, AB InBev Shareholders Approve $100 Billion-Plus Merger". The Wall Street Journal. ISSN 0099-9660. Retrieved 29 September 2016.
- ^ Brown, Lisa (11 October 2016). "A-B InBev finalizes $100B billion acquisition of SABMiller, creating world's largest beer company". Chicago Tribune. Chicago. Retrieved 29 January 2017.
- ^ "Stocks - Anheuser Busch Inbev NV (ABI.BR)". Reuters Business. 27 January 2017. Archived from the original on 24 September 2015. Retrieved 1 February 2017.
ABI.BR on Brussels Stock Exchange
- ^ "SAB:LN Ticker Delisted". Bloomberg L.P. 11 October 2016. Retrieved 2 February 2017.