全球兩大啤酒巨頭醞釀合併
Anheuser-Busch InBev, the world’s largest brewer, is exploring a takeover of rival SABMiller in a deal that would create a $275bn company responsible for one out of every three beers produced globally.
全球最大啤酒釀造商百威英博(Anheuser-Busch InBev)正考慮收購競爭對手SABMiller。這筆潛在交易將締造一家2750億美元的企業，屆時全球每三瓶啤酒就有一瓶是該企業生產的。
A tie-up between the owner of Budweiser and Stella Artois and the group behind Peroni and Grolsch, dubbed “mega-brew”, would rank as one of the six largest takeovers in history and the biggest in a year that was already the strongest for blockbuster deals since 2007.
該交易的一方擁有百威啤酒(Budweiser)和時代啤酒(Stella Artois)品牌，另一方擁有佩羅尼(Peroni)品牌和高仕啤酒(Grolsch)品牌。合併後的企業已有“巨型釀酒商”之稱。該交易的規模將進入史上前六大交易之列。而且，在大宗併購交易已經是2007年來最強的今年，其規模將位居榜首。
It would mark the latest stage of a remarkable consolidation in the global brewing industry driven by a group of Brazilian investors led by Jorge Paulo Lemann. They are also the founders of 3G Capital , the Brazilian private equity group which has been buying up US food companies such as Heinz, Kraft and Burger King sometimes with the support of investor Warren Buffett.
該交易將標誌着全球啤酒釀造業一輪非同尋常的整合進入新階段，其推動者是以豪爾赫?保羅?萊曼(Jorge Paulo Lemann)爲首的一組巴西投資者。這些投資者還創辦了巴西私募股權集團3G資本(3G Capital)，該集團一直在收購亨氏(Heinz)、卡夫(Kraft)和漢堡王(Burger King)等美國食品企業——其中部分收購是在投資者沃倫?巴菲特(Warren Buffett)的支持下發起的。
A series of deals over the past decade have transformed AB InBev and SABMiller into the world’s two biggest brewers. They, along with Heineken and Carlsberg , make half the world’s beer.
過去十年，經過一系列併購交易，百威英博和SABMiller已成爲全球最大的兩家啤酒釀造商。再加上喜力(Heineken)和嘉士伯(Carlsberg)，這些企業生產的啤酒佔了全球一半。
Given the size of the two companies, AB InBev would have to agree to divestitures to obtain regulatory approval for a deal in multiple countries, including the US and China. SABMiller has a near-30 per cent share of the US beer market via MillerCoors, its joint venture with Molson Coors. It also has 23 per cent of China’s beer market through a joint venture with China Resources Enterprise.
考慮到兩家企業的規模，在包括美國和中國在內的多個國家，爲獲得監管機構對併購交易的批准，百威英博將不得不同意出售一些資產。SABMiller通過與Molson Coors建立的合資企業米勒康勝(MillerCoors)，佔有美國啤酒市場30%的份額。此外，通過與華潤創業(China Resources Enterprise)建立的合資公司，SABMiller還佔有中國啤酒市場23%的份額。
