On the Record · Anheuser-Busch InBev

Anheuser-Busch InBev acquisitions, on the record

The businesses Anheuser-Busch InBev bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

Business	Deal	When	Value
AB InBev Efes Word for word“On 19 December 2023, we announced that Anadolu Efes has agreed to acquire the entirety of our non-controlling interest in AB InBev Efes.” 20-F for 2023	agreed divestiture	On 19 December 2023	—
Tilray Brands, Inc. Word for word“During year ended 31 December 2023, we disposed of a portfolio of eight beer and beverage brands and associated assets in the U.S. to Tilray Brands, Inc. and we reported a USD 300 million loss in exceptional items.” 20-F for 2023	divestiture	During year ended 31 December 2023	—
Beck's Word for word“In 2002, Interbrew acquired Beck’s for 3.5 billion German marks.” 20-F for 2023	acquisition	In 2002	3.5 billion German marks
Ambev Word for word“In 2004, Interbrew combined with Ambev, a Brazilian company originally formed by the combination of Brahma and Antarctica in 1999–2000, resulting in the creation of InBev.” 20-F for 2023	merger	In 2004	—
Grupo Modelo Word for word“In 2013, we announced the completion of our combination with Grupo Modelo in a transaction valued at USD 20.1 billion, following which we owned approximately 95% of Grupo Modelo’s outstanding shares.” 20-F for 2023	acquisition	In 2013	USD 20.1 billion
Constellation Brands, Inc. Word for word“In 2013, in another transaction related to the combination with Grupo Modelo, Grupo Modelo completed the sale of its U.S. business to Constellation Brands, Inc. for approximately USD 4.75 billion, in aggregate.” 20-F for 2023	divestiture	In 2013	approximately USD 4.75 billion, in aggregate
Obregón brewery, Sonora, México Word for word“In December 2016, we also completed the sale of our brewery located in Obregón, Sonora, México to Constellation Brands, Inc. for a sale price of approximately USD 600 million.” 20-F for 2023	divestiture	In December 2016	approximately USD 600 million
SAB Word for word“In October 2016, we completed our combination with SAB, valued at a gross purchase consideration of USD 114 billion.” 20-F for 2023	merger	In October 2016	USD 114 billion
Anadolu Efes (Russia and Ukraine businesses, AB InBev Efes) Word for word“On 30 March 2018, we combined our Russia and Ukraine businesses with those of Anadolu Efes through the creation of a new company called AB InBev Efes, which was fully consolidated into Anadolu Efes.” 20-F for 2023	merger	On 30 March 2018	—
Asahi (Carlton & United Breweries, Australia) Word for word“On 1 June 2020, we completed the sale of our Australia business (Carlton & United Breweries) to Asahi for AUD 16.0 billion, resulting in net proceeds of USD 10.8 billion.” 20-F for 2023	divestiture	On 1 June 2020	AUD 16.0 billion
Craft Brew Alliance Word for word“On 30 September 2020, we completed the acquisition of the remaining 68.8% stake in Craft Brew Alliance for net consideration of USD 0.2 billion and obtained 100% control over Craft Brew Alliance.” 20-F for 2023	acquisition	On 30 September 2020	net consideration of USD 0.2 billion
US-based metal container operations (49.9% minority stake to Apollo Global Management, Inc.) Word for word“On 31 December 2020, we completed the issuance of a 49.9% minority stake in our US-based metal container operations to Apollo Global Management, Inc. for net proceeds of USD 3.0 billion.” 20-F for 2023	divestiture	On 31 December 2020	net proceeds of USD 3.0 billion
Russian business of AB InBev Efes (to Anadolu Efes) Word for word“On 23 October 2024, we announced that we and Anadolu Efes agreed that Anadolu Efes will acquire our interest in the Russian business and we will acquire the interest of Anadolu Efes in the Ukraine business.” 20-F for 2024	agreed divestiture	23 October 2024	—
Ghost Beverages LLC (to Keurig Dr. Pepper) Word for word“In the year ended 31 December 2024, we disposed of our share in associate Ghost Beverages LLC in the U.S. to Keurig Dr. Pepper and we reported a USD 437 million gain in exceptional items.” 20-F for 2024	divestiture	In the year ended 31 December 2024	—
portfolio of eight beer and beverage brands and associated assets in the U.S. (to Tilray Brands, Inc.) Word for word“During the year ended 31 December 2023, we disposed of a portfolio of eight beer and beverage brands and associated assets in the U.S. to Tilray Brands, Inc. and we reported a USD 300 million loss in exceptional items.” 20-F for 2024	divestiture	During the year ended 31 December 2023	—
Grupo Modelo Word for word“In 2013, we announced the completion of our combination with Grupo Modelo in a transaction valued at USD 20.1 billion, following which we owned approximately 95% of Grupo Modelo’s outstanding shares.” 20-F for 2024	merger	In 2013	USD 20.1 billion
Grupo Modelo U.S. business (to Constellation Brands, Inc.) Word for word“In 2013, in another transaction related to the combination with Grupo Modelo, Grupo Modelo completed the sale of its U.S. business to Constellation Brands, Inc. for approximately USD 4.75 billion, in aggregate.” 20-F for 2024	divestiture	In 2013	approximately USD 4.75 billion, in aggregate
Brewery in Obregón, Sonora, México (to Constellation Brands, Inc.) Word for word“In December 2016, we also completed the sale of our brewery located in Obregón, Sonora, México to Constellation Brands, Inc. for a sale price of approximately USD 600 million.” 20-F for 2024	divestiture	In December 2016	approximately USD 600 million
AB InBev Efes (Russia and Ukraine businesses combined with Anadolu Efes) Word for word“On 30 March 2018, we combined our Russia and Ukraine businesses with those of Anadolu Efes through the creation of a new company called AB InBev Efes, which was fully consolidated into Anadolu Efes.” 20-F for 2024	merger	On 30 March 2018	—
Carlton & United Breweries (to Asahi) Word for word“On 1 June 2020, we completed the sale of our Australia business (Carlton & United Breweries) to Asahi for AUD 16.0 billion, resulting in net proceeds of USD 10.8 billion.” 20-F for 2024	divestiture	On 1 June 2020	AUD 16.0 billion, resulting in net proceeds of USD 10.8 billion
remaining 68.8% stake in Craft Brew Alliance Word for word“On 30 September 2020, we completed the acquisition of the remaining 68.8% stake in Craft Brew Alliance for net consideration of USD 0.2 billion and obtained 100% control over Craft Brew Alliance.” 20-F for 2024	acquisition	On 30 September 2020	net consideration of USD 0.2 billion
49.9% minority stake in US-based metal container operations (to Apollo Global Management, Inc.) Word for word“On 31 December 2020, we completed the issuance of a 49.9% minority stake in our US-based metal container operations to Apollo Global Management, Inc. for net proceeds of USD 3.0 billion.” 20-F for 2024	divestiture	On 31 December 2020	net proceeds of USD 3.0 billion
Grupo Modelo’s U.S. business Word for word“• In 2013, in another transaction related to the combination with Grupo Modelo, Grupo Modelo completed the sale of its U.S. business to Constellation Brands, Inc. for approximately USD 4.75 billion, in aggregate.” 20-F for 2025	divestiture	In 2013	approximately USD 4.75 billion
brewery located in Obregón, Sonora, México Word for word“In December 2016, we also completed the sale of our brewery located in Obregón, Sonora, México to Constellation Brands, Inc. for a sale price of approximately USD 600 million.” 20-F for 2025	divestiture	In December 2016	approximately USD 600 million
Australia business (Carlton & United Breweries) Word for word“• the sale of our Australia business (Carlton & United Breweries) to Asahi for AUD 16.0 billion, resulting in net proceeds of USD 10.8 billion.” 20-F for 2025	divestiture	—	AUD 16.0 billion

Read from Anheuser-Busch InBev’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-03-03. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.