Spain: InBev closes the sale of its stake in Spanish Brewer Damm

InBev S.A announced on October 25 the closing of the sale of the totality of its 12.02% minority stake in the Spanish brewer Damm S.A. (“Damm”) for a minimum cash consideration of 176 million euro. InBev remains active in the Spanish beer market through its existing wholly-owned subsidiary which imports a number of InBev’s leading brands including Beck’s®, Stella Artois® and Franziskaner®.

InBev is a publicly traded company based in Leuven, Belgium. The company's origins date back to 1366, and today it is the leading global brewer by volume. InBev’s strategy is to strengthen its local platforms by building significant positions in the world's major beer markets through organic growth, world-class efficiency, targeted acquisitions, and by putting consumers first. InBev has a portfolio of more than 200 brands, including Stella Artois®, BRAHMA®, Beck’s®, Skol®—the third-largest selling beer brand in the world—Leffe®, Hoegaarden®, Staropramen® and Bass®. InBev employs some 77,000 people, running operations in over 30 countries across the Americas, Europe and Asia Pacific.

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