Sayenko Kharenko – legal counsel on obtaining merger clearance for the biggest merger in brewing history
Sayenko Kharenko, Kyiv, Ukraine
Wed, Nov 23, 2016
Sayenko Kharenko's antitrust team has provided legal assistance in obtaining merger clearance with the Antimonopoly Committee of Ukraine (the "AMC") for the GBP 79 billion merger of the world’s largest brewer Anheuser-Busch InBev S.A./N.V. (AB InBev) with its closest rival SABMiller plc (SABMiller). The combined group will retain the name Anheuser-Busch InBev S.A./N.V. following completion of the combination.
The combined company will have operations in virtually every major beer market and an expanded portfolio that includes global, multi-country and local brands, providing more choices for consumers around the world. AB InBev will benefit from a geographically diversified platform, with a stronger presence in key emerging regions with attractive growth prospects, such as Africa and Latin America.
AB InBev is a publicly traded company based in Leuven, Belgium. The company’s diverse portfolio of well over 400 beer brands includes global brands Budweiser, Corona, Stella Artois; multi-country brands Beck's, Hoegaarden, and Leffe; and local champions such as Chernigivske, Rogan and Yantar. AB InBev’s brewing heritage dates back more than 600 years, spanning continents and generations. The company employs approximately 200,000 people in more than 50 countries worldwide. AB InBev sells its beers in over 100 markets. Ukraine is an important market for AB InBev. With well over 2300 people working across operations in Ukraine it is home to three breweries as well as a local HQ and a Business Service Centre.
SABMiller is a multinational brewing and beverage company headquartered in London, England. It is the world's second-largest brewer measured by revenues (after AB InBev) and is also a major bottler of Coca-Cola. Its brands include Fosters, Miller, and Pilsner Urquell. It has operations in 80 countries worldwide.
After examining the proposed transaction, the AMC has concluded that its implementation poses neither threat to competition nor significantly limits competition on any product market in Ukraine.
Sayenko Kharenko's competition team for the transaction included counsel Maksym Nazarenko, associate Julia Kuyda and was led by partner Vladimir Sayenko.
Sayenko Kharenko enjoys global reputation as a leading Ukrainian law firm with an internationally oriented full-service practice. The firm’s leading market position builds on continuous excellence of its highly specialized practice teams. During the past two years, Sayenko Kharenko collected three of the most prestigious professional excellence country awards, more specifically, Law Firm of the Year by each of IFLR European Awards, Who’s Who Legal European Awards and Chambers Europe Award for Excellence. Most recently, Sayenko Kharenko was crowned Ukraine Law Firm of the Year by Who's Who Legal 2016, and shortlisted in Russia, Ukraine & the CIS category by The Lawyer European Awards 2016 and Ukraine Law Firm of the Year category by Chambers Europe Awards 2016.
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