Anheuser-Busch InBev , the world’s largest brewer, has reached the right scale and aims for organic growth rather than acquisitions, chief executive Carlos Brito told Belgian business daily De Tijd.

“In the past 12 years we have made five acquisitions, one every two to three years. We now believe we have reached the right scale and are present in the right markets. We do not have to do more,” Brito said in an interview published on Thursday.

He said most of his management team were focusing on organic growth and only a few kept an eye on the market for potential deals.

“Once again, we do not have to do more. We are however considering certain scenarios: What if A merges with B? What would be the risk? Could we do something then?” he said.

AB InBev took the spot as the world’s largest brewer back from SABMiller , when it bought Anheuser-Busch in a $52 billion deal in 2008.