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Wednesday, August 6, 2014

AB InBev creates US business unit for premium beers, (NYSE: BUD)

Anheuser-Busch InBev, known for its mass market Budweiser beer, is creating a new business unit in the United States devoted to premium beers. The new unit, which will include brands such as Goose Island and Blue Point, will be based in Chicago and led by Felipe Szpigel, who joined the brewer 15 years ago as a global management trainee, according to an internal announcement made on Wednesday and seen by Reuters.Another internal message announced the departure of Bud Light vice president, Rob McCarthy. McCarthy will be replaced by Alexander Lambrecht.

Anheuser-Busch InBev SA, formerly Anheuser-Busch InBev SA/NV, is a brewing company. Shares of BUD traded higher by 0.01% or $0.01/share to $107.81. In the past year, the shares have traded as low as $92.76 and as high as $116.65. On average, 1100450 shares of BUD exchange hands on a given day and today's volume is recorded at 695812.