Beer merger poses ‘major threat to global health’
Friday, November 20, 2015
The merger of the world’s two largest beer manufacturers poses “a major threat to global health”, especially in Africa, experts have warned.
London-based SABMiller and Belgium based AB InBev, makers of drinks such as Stella Artois, Budweiser and Grolsch, agreed in principle to merge last month in the third largest corporate deal ever. The £70bn agreement will see the new company produce almost one third of the world’s beer.
Health experts said the merger is driven by prospects for expansion in developing countries, with a particular emphasis on Africa as “a critical driver of growth for the combined company.”
They warned of “disturbing” implications for the growing epidemic of alcohol related harm across low and middle income countries.
- Health Care