AB InBev (BUD) Seals Deal to Sell African Bottling Business

AB InBev (BUD) Seals Deal to Sell African Bottling Business
Anheuser-Busch InBev SA/NV BUD , alias AB InBev, has successfully concluded the transaction to sell its 54.5% equity stake  Coca-Cola Beverages Africa (Pty) Ltd (“CCBA”) to the soft-drinks giant The Coca-Cola Company KO for $3.15 billion. Agreed upon in December 2016, the deal includes the sale of CCBA’s operations in South Africa, Namibia, Kenya, Uganda, Tanzania, Ethiopia, Mozambique, Ghana, Mayotte... Read More

Constellation Brands Earnings: Booming Beer Sales Drive Another Growth Upgrade

Constellation Brands Earnings: Booming Beer Sales Drive Another Growth Upgrade
The broader alcoholic beverage industry is enduring weak growth lately, but investors have still pushed Constellation Brands (NYSE: STZ)  stock higher this year on hopes that its premium beer, wine, and spirits portfolio will generate market-beating earnings growth. The company delivered on that promise in fiscal second-quarter results this week that included a big jump in profitability as the company... Read More