Pursuits

In Marrying Miller Lite, Budweiser May Need to Split With Chinese Best-Selling Beer

  • Chinese antitrust concerns could force AB InBev to sell Snow
  • Snow is world's best-selling beer with 23% of China market

Inside AB InBev's Proposed $106B Deal for SABMiller

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In creating the world’s biggest beer company, Anheuser-Busch InBev NV may need to let go of the planet’s best-selling beer: China’s Snow.

That’s among the probable outcomes Guotai Junan Securities Co. anticipates in the wake of AB InBev’s agreement to buy SABMiller for $106 billion. Analysts at Goldman Sachs Group Inc., BNP Paribas SA and Daiwa Capital Markets have also pointed out the likelihood of such a scenario in recent notes to clients.