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Anheuser-Busch InBev SA/NV (abbreviated as AB InBev) is a Belgian-Brazilian multinational beverage and brewing company with global headquarters in Leuven, Belgium and secondary headquarters in Sao Paulo, Brazil. Its main global offices are located in Leuven , Sao Paulo, New York, Brussels St. Louis, London, Mexico City, Johannesburg, Toronto, Buenos Aires and others. It is the world's largest brewer and has a 25 percent global market share. AB InBev was formed through successive mergers of three international brewing groups: Interbrew from Belgium, AmBev from Brazil, and Anheuser-Busch from the United States. It has 16 brands that individually generate more than US$ 1 billion annually in revenue, out of a portfolio of more than 200 brands. This portfolio includes brands Budweiser, Corona and Stella Artois, Beck's, Hoegaarden and Leffe and local brands such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske and Jupiler. Total revenue for all 200 AB InBev brands in 2015 was over 43.6 billion USD. The company employs over 155,000 people in 25 countries. After the integration in 2008 of Anheuser-Busch, based in Saint Louis, Missouri, the company started reporting its financial results in US dollars. AB InBev has a primary listing on Euronext Brussels and is a constituent of the Euro Stoxx 50 index. It has secondary listings on the New York and Johannesburg Stock Exchanges. Dividends per share increased steadily from 0.35 USD in 2008 to 3.00 USD for 2014. The payout ratio increased from 26.3% to 64.8% during the same period. AB InBev's market share, measured as volume of beverages sold, on a country-by-country basis, was published by the company for 2014, showing it has the highest market share and market share over 40% in seven of its 10 top markets—including Belgium, United States, Canada, Mexico, Brazil, Argentina and South Korea. AB InBev operates 140 plants in its 10 top markets. In 2013 Anheuser-Busch InBev joined leading alcohol producers as part of a producers' commitments to reducing harmful drinking.[5] In October 2015, Anheuser-Busch-InBev announced a successful all-cash bid to acquire multinational competitor SABMiller for £69 billion ($104 billion). The plan must still pass regulatory and anti-trust scrutiny.

SABMiller plc (LSE: SAB, JSE: SAB) is a multinational brewing and beverage company headquartered in London, England. It is the world's second-largest brewer measured by revenues (after the Belgian-Brazilian-American Anheuser-Busch InBev) and is also a major bottler of Coca-Cola. Its brands include Fosters, Miller, and Pilsner Urquell. It has operations in 80 countries world-wide and in 2009 sold around 21 billion litres of beverages. SABMiller's origins date back to the foundation of South African Breweries in 1895 to serve a growing market of miners and prospectors in and around Johannesburg. Two years later, it became the first industrial company to list on the Johannesburg Stock Exchange. From the early 1990s onwards, the company increasingly expanded internationally, making several acquisitions in both emerging and developed markets. In 1999, it formed a new UK-based holding company, SAB plc, and moved its primary listing to London. In May 2002, SAB plc acquired Miller Brewing, forming SABMiller plc. SABMiller has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a market capitalisation of approximately £42 billion as of 24 October 2015, the sixth-largest of any company with a primary listing on the London Stock Exchange. It has a secondary listing on the Johannesburg Stock Exchange. In October 2015, Anheuser-Busch InBev announced plans to acquire SABMiller for £69 billion ($104 billion).