Anheuser-Busch InBev intends to reduce 3% of its staff, around 5,500 jobs, after the acquisition of SABMiller.

This will be done as part of cost-cutting measures.

The merged entity will have an approximately 30% share in the global beer market.

"The transaction values SABMiller at over $100bn."

With this deal, Anheuser-Busch  will be able to gain substantial presence in Africa as well as in Latin America.

AB InBev intends to achieve cost savings of $1.4bn by the end of the fourth year after the merger is completed.

The deal is expected to be completed this year. The transaction values SABMiller at over $100bn.

AB InBev will not cut sales and front-office jobs as it has not been able to include those in “advance integration planning because of regulatory restrictions.”

In merger documents, AB InBev stated that it expects to cut the jobs in phases over the first three years after the closure of the merger.

In 2015, Anheuser-Busch InBev had 150,000 employees, while SABMiller had 70,000.