Molson Coors Said To Be In Talks To Obtain 100% Of MillerCoors

With the deadline for A-B Inbev to make a formal offer for SABMiller just a day away, Molson Coors is now in advanced talks to acquire SABMiller’s majority stake in MillerCoors, according to the Financial Times. A disposal of SABMiller’s 58% stake in MillerCoors—the joint venture that handles the SABMiller and MolsonCoors portfolios in the U.S. market—is expected to pave the way for U.S. regulatory approval of ABI’s planned £68 billion ($104.5b) purchase of SABMiller. MillerCoors currently controls about 27% of the U.S. beer market, while ABI has a share of approximately 47%. MolsonCoors owns the remaining 42% stake in MillerCoors and has the right of first refusal on any potential sale of SABMiller’s stake in the joint venture. Analysts peg SABMiller’s stake in MillerCoors at $10-$15 billion, and say that MolsonCoors’ outright ownership of MillerCoors would allow the brewer to accrue annual savings of $300-$500 million.

Tagged : beer, MillerCoors, Molson Coors, SABMiller

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