InBev SA shareholders on Monday backed the company’s $52 billion takeover of Anheuser-Busch – a deal that would form the world’s largest brewer under the name Anheuser-Busch InBev.
Shareholders also approved a capital increase and share issue that would raise up to $10 billion to pay for part of the deal. That covers the existing equity bridge financing of $9.8 billion in place since the deal was announced in July, InBev said, with an extra margin to cover any major currency fluctuations until the deal closes.
Shareholders of St.Louis-based Anheuser-Busch still neeed to approve the deal.
Anheuser-Busch already plans to shed 1,185 positions – mostly by offering early retirement and not filling existing vacancies.