The trend of complication of Russian beer market is going on and in several directions at the same time. The range has got wider, the import and small segments are growing, namely craft beer, alcohol-free beer and special flavor beer. At the same time, all ex-mega brands and light lagers by Russian brewers are experiencing a decline of their shares. AB InBev Efes, Heineken, MBC and Pivzavod Trekhsosenskiy have exceeded the market, Carlsberg was developing slower than the market and Ochakovo as well as some other mid-sized breweries have been cutting down their volumes. To a big extent brewers’ performance was connected to their ability to reach agreement with networks, sacrifice their margin and enter new markets. Craft brewers are facing a serious danger of producers’ registration introduction – de facto licensing. ...
The global outlooks of the legal market of cannabis are excellent. It is possible to simultaneously imagine dry law repeal and craft brewing boom but not in one but in several consumer categories. For alcohol is contained in liquids and cannabis derivatives can be in three physical forms. The value of legal market of cannabis and its products can reach 10% of the world beer market in five years, and in 2030-2040 even reach the same scope provided the current rates of legalization and development of market infrastructure remain at the same level. Cannabinoids are actively integrating into the food industry from chewing gum to beverages deforming the pharmaceutical and alcohol markets, they influence the trends of healthy lifestyle and beauty. ...
Beer market of Kazakhstan acquired both traits of East European countries and South Eastern Asia taking a transitional position between them by many criteria and consumption style. Yet there is a positive trend in beer production which differs Kazakhstan from most of the neighboring countries. The market has remained consolidated in the hands of two international players because of its small size. However, it faces dynamic processes such as fast growth of draft beer sales, up and downs of regional companies and Carlsberg Group’s ultimate expansion. Excessive mainstream segment has declined over the recent years, yet, Zhigulevskoe and national brands with regional links have yielded their positions to a range of new products. In our review special attention was paid to regional analysis of the markets. In 14 regions of Kazakhstan we compared the companies’ positions, the market price segmentation and DIOT channel development. Besides we have compared the beer market of Kazakhstan to neighboring countries. ...
UK court says SABMiller shareholders can be split into two classes
The marriage of the world's largest beer makers was agreed last year with an offer of 44 pounds per share in cash for general shareholders and a discounted cash-and-stock offer aimed at the largest two - Altria Group and Bevco - to help them avoid large tax bills.
The agreement grew contentious this summer after a fall in the British currency increased the value of the cash-and-stock offer above that of the cash offer. AB InBev sweetened its offer in July after several shareholders, including activist hedge funds, pressured SABMiller to seek a new deal.
Both brewers' boards have recommended AB InBev's "final" offer, and SAB requested that Altria and Bevco -- which have already signalled their support -- be treated as a separate class.
Justice Richard Snowden said on Tuesday it was an understandable request since it lowered the risk of delays or challenges from dissenting shareholders who might have challenged the vote as unfair given that Altria and Bevco has agreed to a different offer arrangement.
With the judge's ruling, the deal will require 75 percent approval by SAB shareholders, excluding Altria and Bevco, which together control about 40 percent of the shares.
"I have jurisdiction to order a meeting of public shareholders to be summoned that does not include Altria and BevCo," Snowden told the court.
Altria and Bevco, a vehicle of Colombia's Santo Domingo family, will therefore give their support separately, SABMiller and AB InBev said.
Prominent investor Aberdeen Asset Management had voiced opposition to the revised offer, saying it still undervalued the brewer of beers including Castle Lager, which has a strong presence in fast-growing markets of Latin America and Africa.
SAB also said more details about the implementation of the deal were expected to be published along with transaction documents on Aug. 26.
There are planned meetings of shareholders of each company on Sept. 28. If approved, the deal is expected to close on Oct. 10.
The new entity will be almost wholly controlled by executives from AB InBev, maker of beers including Budweiser and Stella Artois.
SAB's shares were down marginally at 4,375 pence at 1159 GMT while AB InBev's stock was up 1 percent at 112.10 euros. ($1 = 0.7663 pounds) (Reporting by Martinne Geller in London; additional reporting by Noor Zainab Hussain and Esha Vaish in Bengaluru; editing by Keith Weir and Susan Thomas)
23 Авг. 2016