European Federation of Food, Agriculture and Tourism Trade Unions
Together for decent work and fair pay from farm to fork

Asahi's acquisition of SABMiller's eastern European brewing assets makes it Europe's third biggest brewer

16/12/2016

AB InBev has announced this week  that it has entered into a binding agreement with Asahi Group Holdings, Ltd to sell for 7.3 billion euros ($7.8 billion) its businesses in the Czech Republic, Slovak Republic, Poland, Hungary and Romania and other related assets that were owned by SABMiller plc prior to its combination with AB InBev.

This move further strengthens Asahi’s foothold in Europe after the Japanese brewer agreed to pay 2.55 billion euros for AB InBev’s Peroni and Grolsch brands earlier this year

The agreement between AB InBev and Asahi is subject to approval of Asahi as a suitable buyer by the European Commission and antitrust approval by the European Commission. 

EFFAT considers this development as a potential positive news for the future of the factories and the employment in former SABMiller Central and Eastern Europe operations. EFFAT has already asked for an extraordinary meeting of the former (still operating) SABMiller EWC. EFFAT expects from AB Inbev Management a fair information and consultation process with the involvement of Asahi representatives.

Source: Bloomberg

EFFAT is the European Federation of Food, Agriculture and Tourism Trade Unions. As a European Trade Union Federation representing 120 national trade unions from 35 European countries, EFFAT defends the interests of more than 22 million workers towards the European Institutions, European employers’ associations and transnational companies. EFFAT is a member of the ETUC and the European regional organisation of the IUF.