Castle Brewery

This article is about the brewery in South Africa. For the brewery in England, see Castle Brewery, Newark.
Main article: South African Breweries
Two cans of Castle Lager, 2014

Castle Brewery is one of the oldest commercial breweries in South Africa. As company-endorsed legend would have it, the company was founded by Charles Glass in Johannesburg in 1894. UCT history professor Anne Kelk Mager has argued that the official SAB story overemphasized the role of Charles and that it was his wife Lisa Glass who was primarily responsible for the creation of Castle.[1] It later merged with other breweries to form South African Breweries, which still later merged with Miller of the United States to form SABMiller.

On October 10, 2016, Anheuser-Busch InBev acquired SABMiller for £69 billion (US $107 billion at the time the deal closed a year later).[2] The arrangement had been approved by shareholders of both companies on 28 September 2016, and the deal closed on 10 October 2016.[3][4] The acquisition - subsequently referred to as a merger in the news media - ended the corporate use of the name SABMiller. The new company is called Anheuser-Busch InBev SA/NV, (AB InBev) and is trading as ABI on the Brussels Stock Exchange, as BUD on the New York stock exchange and as ANH on the Johannesburg market.[5] SABMiller ceased trading on global stock markets and became a business division of Anheuser Busch Inbev SA/NV.[6] On October 11, 2016, Anheuser Busch Inbev SA/NV divested itself of its interests in the MillerCoors beer company to Molson Coors.[7][8]

Since SABMiller no longer exists as an entity, South African Breweries is now a subsidiary of Anheuser-Busch InBev SA/NV (abbreviated as AB InBev).

  1. ^ "Legality still a mystery at brewer of myths SAB | IOL Business Report". Retrieved 2017-08-31.
  2. ^ "AB InBev, SABMiller clink glasses for £69-b deal". The Hindu Business Line.
  3. ^ Mickle, Tripp (2016-09-28). "SABMiller, AB InBev Shareholders Approve $100 Billion-Plus Merger". Wall Street Journal. ISSN 0099-9660. Retrieved 2016-09-29.
  4. ^ Brown, Lisa (October 11, 2016). "A-B InBev finalizes $100B billion acquisition of SABMiller, creating world's largest beer company". Chicago Tribune. Chicago. Retrieved January 29, 2017.
  5. ^ "Stocks - Anheuser Busch Inbev NV (ABI.BR)". Reuters Business. Thomson Reuters. 27 January 2017. Archived from the original on 24 September 2015. Retrieved 18 March 2017. ABI.BR on Brussels Stock Exchange
  6. ^ "SAB:LN Ticker Delisted". Bloomberg. October 11, 2016. Retrieved February 2, 2017.
  7. ^ Dill, Molly (10 October 2016). "Anheuser-Busch to complete acquisition of SABMiller today". BizTimes. BizTimes Media LLC. Retrieved 31 January 2017.
  8. ^ Nurin, Tara (October 10, 2016). "It's Final: AB InBev Closes On Deal To Buy SABMiller". Forbes. Retrieved February 1, 2017. SABMiller ceased trading on global stock markets last week