AB InBev (NYSE: BUD) closes $2.9B reacquisition of US metal container stake

Rhea-AI Filing Summary

Anheuser-Busch InBev has completed the reacquisition of the 49.9% minority stake in its US-based metal container plants from a consortium led and/or advised by affiliates of Apollo Global Management for approximately 2.9 billion USD.

This transaction gives AB InBev full ownership of these US metal container operations, which support its packaging and supply chain in a key market. The press release also notes that AB InBev generated reported revenue of 59.8 billion USD for 2024, highlighting the scale at which the company operates.

Insights

Equity analyst – global beverages and industrial assets

AB InBev takes full control of a key US packaging asset for $2.9B.

AB InBev has closed the reacquisition of the 49.9% minority stake in its US-based metal container plants for approximately 2.9 billion USD. This follows a previously announced decision to exercise its contractual right to buy back the stake from investors led and/or advised by Apollo affiliates.

Owning 100% of these metal container plants consolidates control over a critical packaging input for AB InBev’s US beer operations. The deal value is notable relative to AB InBev’s 59.8 billion USD reported revenue for 2024, but the excerpt does not detail financing, earnings impact, or expected cost synergies.

The company frames the transaction as the completion of a previously announced step, so the main incremental information is that closing has occurred on 30 January 2026. Future filings may describe how full ownership of these assets affects margins, capital intensity, and cash flows in AB InBev’s North American business.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of January, 2026

Commission File No.: 001-37911

Anheuser-Busch InBev SA/NV

(Translation of registrant’s name into English)

Brouwerijplein 1

3000 Leuven, Belgium

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒   Form 40-F ☐

THIS REPORT ON FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-277873) AND EACH OF THE REGISTRATION STATEMENTS ON FORM S-8 (FILE NO. 333-268582), FORM S-8 (FILE NO. 333-250930), FORM S-8 (FILE NO. 333-237367), FORM S-8 (FILE NO. 333-231556), FORM S-8 (FILE NO. 333-227335), FORM S-8 (FILE NO. 333-172069), FORM S-8 (FILE NO. 333-171231), FORM S-8 (FILE NO. 333-169272), FORM S-8 (FILE NO. 333-165566), FORM S-8 (FILE NO. 333-165065), FORM S-8 (FILE NO. 333-178664), FORM S-8 (FILE NO. 333-188517), FORM S-8 (FILE NO. 333-192806), FORM S-8 (FILE NO. 333-201386), FORM S-8 (FILE NO. 333-208634) AND FORM S-8 (FILE NO. 333-221808) OF ANHEUSER-BUSCH INBEV SA/NV AND TO BE A PART THEREOF FROM THE DATE ON WHICH THIS REPORT IS FURNISHED, TO THE EXTENT NOT SUPERSEDED BY DOCUMENTS OR REPORTS SUBSEQUENTLY FILED OR FURNISHED.

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press release issued 30 January 2026 regarding AB InBev’s completion of reacquisition of minority stake in its US-based metal container plants.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

				ANHEUSER-BUSCH INBEV SA/NV (Registrant)
Dated: January 30, 2026				By:		/s/ Jan Vandermeersch
						Name: Jan Vandermeersch
						Title: Global Legal Director Corporate

Exhibit 99.1

Press Release  

Brussels – 30 January 2026 - 4:00pm CET

AB InBev Completes Previously Announced Reacquisition of Minority Stake in its US-based Metal Container Plants

30 January 2026 – Anheuser-Busch InBev SA/NV (“AB InBev”) (Euronext: ABI) (NYSE: BUD) (MEXBOL: ANB) (JSE: ANH) today announced that it has completed the acquisition of 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. (NYSE: APO) for approximately 2.9 billion USD. ABI previously announced it had exercised its right to reacquire this minority stake in a Press Release dated January 6^th.

AB InBev Contacts

Investors

Shaun Fullalove

E-mail: shaun.fullalove@ab-inbev.com

Ekaterina Baillie

E-mail: ekaterina.baillie@ab-inbev.com

Patrick Ryan

E-mail: patrick.ryan@ab-inbev.com

Media

Media Relations

E-mail: media.relations@ab-inbev.com

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.

FAQ

What transaction did AB InBev (BUD) complete in January 2026?

AB InBev completed the reacquisition of the 49.9% minority stake in its US-based metal container plants. The stake was purchased from a consortium of institutional investors led and/or advised by Apollo Global Management affiliates for approximately 2.9 billion USD, restoring full ownership of these assets.

How much did AB InBev pay to reacquire the US metal container stake?

AB InBev paid approximately 2.9 billion USD to reacquire the 49.9% minority stake in its US-based metal container plants. The sellers were a consortium of institutional investors led and/or advised by affiliates of Apollo Global Management, Inc., as disclosed in the press release.

Who sold the 49.9% stake in AB InBev’s US metal container plants?

The 49.9% minority stake was sold by a consortium of institutional investors led and/or advised by affiliates of Apollo Global Management, Inc. AB InBev exercised its previously announced right to reacquire this ownership interest, bringing the US metal container operations back under full control.

When did AB InBev announce completion of the metal container stake reacquisition?

AB InBev announced completion of the reacquisition on 30 January 2026 at 4:00pm CET in Brussels. The company confirmed that the transaction for the 49.9% minority stake in its US-based metal container plants had closed for approximately 2.9 billion USD in cash consideration.

How large is AB InBev’s business relative to this 2.9 billion USD transaction?

AB InBev reported revenue of 59.8 billion USD for 2024, excluding joint ventures and associates. The 2.9 billion USD reacquisition of the 49.9% stake in US metal container plants is therefore significant in absolute terms, though the filing does not quantify earnings or margin effects.

On which exchanges is AB InBev listed and under which tickers?

AB InBev is listed on Euronext Brussels under ABI and has secondary listings on the Mexico exchange as ANB and the Johannesburg exchange as ANH. It also has American Depositary Receipts trading on the New York Stock Exchange under the ticker BUD, covering its global beer operations.