To view the PDF file, sign up for a MySharenet subscription.

ANHEUSER-BUSCH INBEV SA/NV - Press Release - Decision to Sell Interest in Russian JV

Release Date: 22/04/2022 08:22
Code(s): ANH     PDF:  
Wrap Text
Press Release - Decision to Sell Interest in Russian JV

Anheuser-Busch InBev SA/NV
(Incorporated in the Kingdom of Belgium)
Register of Companies Number: 0417.497.106
Euronext Brussels Share Code: ABI
Mexican Stock Exchange Share Code: ANB
JSE Share Code: ANH
ISIN: BE0974293251
(“AB InBev” or the “Company”)

Anheuser-Busch InBev Announces Decision to Sell Interest in Russian JV
AB InBev in Active Discussions to Sell JV Interest to Partner

22 April 2022 – Anheuser-Busch InBev (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) (“AB InBev”) today
announced that it will sell its non-controlling interest in the AB InBev Efes joint venture and is in active discussions with its
partner, Turkish Brewer Anadolu Efes, to acquire this interest. AB InBev’s request regarding the suspension of the license for
production and sale of Bud in Russia will also be part of a potential transaction. AB InBev previously announced it is forfeiting
all financial benefit as a non-controlling partner from the joint venture operations. As a result, AB InBev is de-recognizing the
investments in AB InBev Efes and will report a 1.1 billion USD non-cash impairment charge in non-underlying share of results
of associates as part of its first quarter results announcement.
Together with its partner, AB InBev continues to support its employees, their families and the humanitarian relief efforts in
Ukraine. Support for its displaced employees and their families includes counseling, housing and financial support. In
addition to donating to NGOs and the relief organization Caritas, AB InBev is working in partnership with them, other
companies and local NGOs to provide food, blankets, medical supplies and 3 million cans of emergency drinking water to
Ukraine and surrounding refugee relief areas.
AB InBev has also introduced Chernigivske, Ukraine’s most loved beer brand, to many countries, including the UK, Germany,
Belgium, France, Netherlands, Denmark, Austria, Poland, Italy, Colombia and Brazil with additional markets planned. All
profits from the sale of Chernigivske will go to support humanitarian relief efforts and AB InBev is guaranteeing at least 5
million USD of support from this humanitarian initiative.
AB InBev’s focus remains on assisting its people, their families and the overall humanitarian relief efforts while wishing for

 1.  The enclosed information constitutes inside information as defined in Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse, and regulated
     information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.

Anheuser-Busch InBev Contacts
Investors                                                                 Media
Shaun Fullalove                                                           Kate Laverge
Tel: +1 212 573 9287                                                      Tel: +1 917 940 7421
E-mail:                                      E-mail:

Maria Glukhova                                                            Ana Zenatti
Tel: +32 16 276 888                                                       Tel: +1 646 249 5440
E-mail:                                       E-mail:

Cyrus Nentin
Tel: +1 646 746 9673

22 April 2022
JSE Sponsor: Questco Corporate Advisory Proprietary Limited

 About Anheuser-Busch InBev
 Anheuser-Busch InBev is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico
 (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange
 (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet
 life’s moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that
 stand the test of time and to brewing the best beers using the finest ingredients. Our diverse portfolio of well over 500 beer brands includes
 global brands Budweiser®, Corona® and Stella Artois®; multi-country brands Beck’s®, Hoegaarden®, Leffe® and Michelob ULTRA®;
 and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®,
 Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents
 and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co
 brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first
 brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective
 strengths of approximately 169,000 colleagues based in nearly 50 countries worldwide. For 2021, AB InBev’s reported revenue was 54.4
 billion USD (excluding JVs and associates).

 Forward-looking Statements
 This release contains “forward-looking statements”. These statements are based on the current expectations and views of future events
 and developments of the management of AB InBev and are naturally subject to uncertainty and changes in circumstances. The forward-
 looking statements contained in this release include, statements other than historical facts and includes statements typically containing
 words such as “will”, “may”, “should”, “believe”, “intends”, “expects”, “anticipates”, “targets”, “estimates”, “likely”, “foresees” and words of
 similar import, including statements relating to ongoing discussions for Efes to acquire AB InBev’s non-controlling interest in the AB InBev
 Efes joint venture. All statements other than statements of historical facts are forward-looking statements, including statement relating to
 the future of our joint venture interests. You should not place undue reliance on these forward-looking statements, which reflect the current
 views of the management of AB InBev, are subject to numerous risks and uncertainties about AB InBev and are dependent on many
 factors, some of which are outside of AB InBev’s control. There are important factors, risks and uncertainties that could cause actual
 outcomes and results to be materially different, including as a result of the developing situation in Ukraine and Russia and the relationship
 with our joint venture partner. The forward-looking statements should be read in conjunction with the other cautionary statements that are
 included elsewhere, including AB InBev’s most recent Form 20-F and other reports furnished on Form 6-K, and any other documents that
 AB InBev has made public. Any forward-looking statements made in this communication are qualified in their entirety by these cautionary
 statements. Except as required by law, AB InBev undertakes no obligation to publicly update or revise any forward-looking statements,
 whether as a result of new information, future events or otherwise.                                                                                                Press release – 22 April 2022 – 2

Date: 22-04-2022 08:22:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story