Morningstar: aandeel in de kijker is AB Inbev (26/3/2014)
AB InBev is the King of Brewers.
AB InBev is an impressive brewer. Already the world's largest brewer, the company became even larger in 2013 after it acquired the remaining stake of Modelo. AB InBev has executed its strategy to focus on acquiring efficient scale in the countries with the largest beer profit pools. Through a series of deals and its ownership in AmBev, the company has leading share in the highly profitable markets of Brazil, Argentina, Mexico, the United States, Canada, and Belgium. We expect that the firm will be successful in generating more than $1 billion of annual synergies via its Modelo purchase. AB InBev's scale, focus on costs, and vast mix of proprietary returnable bottles all help to fortify the firm's wide economic moat.
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