AB InBev Profit Hit by Foreign-Exchange Charge - News Summed Up

AB InBev Profit Hit by Foreign-Exchange Charge


A few hours after AB InBev’s earnings report, China’s Ministry of Commerce approved the proposed takeover, marking the last... Anheuser-Busch InBev NV on Friday reported a huge drop in second-quarter net profit, as it reeled from a $1.77 billion hit tied to foreign-exchange hedging toward its $100 billion-plus beer megamerger with SABMiller PLC.


Source: Wall Street Journal July 29, 2016 05:35 UTC



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