Hundreds of UK jobs at risk as AB InBev announces Belgium move for SABMiller HQ

 
William Turvill
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Global Beer Maker Anheuser-Busch InBev Makes Takeover Bid For Rival Miller
AB InBev increased its offer for SABMiller by £1 to £45 per share last month (Source: Getty)
undreds of UK jobs at SABMiller are thought to be at risk as part of the company's merger with Anheuser-Busch InBev.


Budweiser maker AB InBev today confirmed the merged company's headquarters will be in Leuven, Belgium, with a functional office in New York.

Read more: Megabrew: AB InBev and SABMiller expect to seal the deal in October

AB InBev confirmed that "SABMiller’s existing UK locations will be significantly impacted after the combination completes".

A spokesperson added: "Any changes affecting employees in the UK would be implemented with due respect for applicable legal considerations and consultation requirements."

The BBC today reported that 575 SABMiller jobs in the UK would be cut as part of the takeover.

Read more: SABMiller urges shareholders to toast AB InBev's megabrew deal

AB InBev declined to comment on the figure, while SABMiller was unreachable at the time of writing.

The £79bn deal is set to complete on 10 October.