AB InBev to dominate top jobs

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LONDON: Anheuser Busch InBev managers will take all but one of 19 key positions following the brewer's $100 billion-plus takeover of rival SABMiller, according to details of the transaction announced on Thursday.

The deal, sweetened last week to help make up for a drop in the British currency, has been approved by both companies´ boards but still needs to be voted on by shareholders, some of whom oppose the deal.

AB InBev is known for its cost-cutting and centralized control, which some analysts have said may be tough to impose on all corners of SAB´s business, with its joint ventures and equity stakes in markets such as Turkey and Africa.

AB InBev said the new company - which has yet to be named - would continue to be based in its home town of Leuven, Belgium, while its operations would be managed from New York.

SAB´s offices in Woking, outside of London, will be kept open for a transitional period, but its central London headquarters will be wound down.