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of AB InBev. CUB was sold to Asahi in July 2020.

Pre-acquisition history

The origins of the company date back to the foundation of South African Breweries in 1895 in South Africa. For many decades, the operations of South African Breweries were mainly limited to southern Africa, where it had established a dominant position in the market during South African Apartheid, until 1990 when it began investing in Europe.

In 1999, after listing

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