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AB InBev Announces Exercise of Right to Reacquire Minority Stake in its US-based Metal Container Plants
Anheuser-Busch InBev SA/NV
(Incorporated in the Kingdom of Belgium)
Register of Companies Number: 0417.497.106
Euronext Brussels Share Code: ABI
Mexican Stock Exchange Share Code: ANB
NYSE ADS Code: BUD
JSE Share Code: ANH
ISIN: BE0974293251
("AB InBev" or the "Company")
Regulated and inside information1
AB InBev Announces Exercise of Right to Reacquire Minority Stake in its US-based Metal Container Plants
6 January 2026 – Anheuser-Busch InBev SA/NV ("AB InBev") (Euronext: ABI) (NYSE: BUD) (MEXBOL:
ANB) (JSE: ANH) today announced that it has exercised its right to reacquire the 49.9% minority stake in
AB InBev's US-based metal container plants from a consortium of institutional investors led and/or advised
by affiliates of Apollo Global Management, Inc. (collectively "Apollo") (NYSE: APO), for a price estimated to
be approximately 3 billion USD.
Our US-based metal container plant operations include seven facilities across six states and are a strategic
component of our business, ensuring quality, cost efficiency, speed of innovation and supply security for
our brands, while providing industry-leading manufacturing jobs and driving economic growth in
communities across the U.S.
AB InBev's exercise of the repurchase option will be funded with cash-on-hand and is consistent with our
capital allocation framework that focuses on maximizing long-term shareholder value. The transaction is
expected to be EPS accretive in year 1 and, subject to customary closing conditions, is anticipated to close
in the first quarter of 2026.
1 The enclosed information constitutes inside information as defined in Regulation (EU) No 596/2014 of the
European Parliament and of the Council of 16 April 2014 on market abuse, and regulated information as defined
in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which
have been admitted for trading on a regulated market.
AB InBev Contacts
Investors Media
Shaun Fullalove Media Relations
E-mail: shaun.fullalove@ab-inbev.com E-mail: media.relations@ab-inbev.com
Ekaterina Baillie
E-mail: ekaterina.baillie@ab-inbev.com
Patrick Ryan
E-mail: patrick.ryan@ab-inbev.com
6 January 2026
JSE Sponsor: Questco Corporate Advisory Proprietary Limited
About AB InBev
Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary
listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts
on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always
looking to serve up new ways to meet life's moments, move our industry forward and make a meaningful impact in the world. We
are committed to building great brands that stand the test of time and to brewing the best beers using the finest ingredients. Our
diverse portfolio of well over 500 beer brands includes global brands Budweiser®, Corona®, Stella Artois® and Michelob Ultra®;
multi-country brands Beck's®, Hoegaarden® and Leffe®; and local champions such as Aguila®, Antarctica®, Bud Light®,
Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and
Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots
at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the
creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil.
Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths
of approximately 144 000 colleagues based in nearly 50 countries worldwide. For 2024, AB InBev's reported revenue was 59.8
billion USD (excluding JVs and associates).
Legal disclaimer
This release contains "forward-looking statements". These statements are based on the current expectations and views of future
events and developments of the management of AB InBev and are naturally subject to uncertainty and changes in circumstances.
The forward-looking statements contained in this release include statements other than historical facts and include statements
typically containing words such as "will", "may", "should", "believe", "intends", "expects", "anticipates", "targets", "ambition",
"estimates", "likely", "foresees" and words of similar import. All statements other than statements of historical facts are forward-
looking statements. You should not place undue reliance on these forward-looking statements, which reflect the current views of
the management of AB InBev, are subject to numerous risks and uncertainties about AB InBev and are dependent on many
factors, some of which are outside of AB InBev's control. There are important factors, risks and uncertainties that could cause
actual outcomes and results to be materially different, including, but not limited to the risks and uncertainties relating to AB InBev
that are described under Item 3.D of AB InBev's Annual Report on Form 20-F filed with the SEC on 12 March 2025. Many of
these risks and uncertainties are, and will be, exacerbated by any further worsening of the global business and economic
environment, including as a result of foreign currency exchange rate fluctuations and ongoing geopolitical conflicts. Other
unknown or unpredictable factors could cause actual results to differ materially from those in the forward-looking statements. The
forward-looking statements should be read in conjunction with the other cautionary statements that are included elsewhere,
including AB InBev's most recent Form 20-F and other reports furnished on Form 6-K, and any other documents that AB InBev
has made public. Any forward-looking statements made in this communication are qualified in their entirety by these cautionary
statements and there can be no assurance that the actual results or developments anticipated by AB InBev will be realized or,
even if substantially realized, that they will have the expected consequences to, or effects on, AB InBev or its business or
operations. Except as required by law, AB InBev undertakes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
Date: 06-01-2026 08:58:00
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