Brazilian billionaire brewer hands stake to son

Sound commitment: St Louis Cardinals’ Albert Pujols and Yadier Molina are pictured at Busch Stadium in St Louis. The Cardinals and brewer Anheuser-Busch, now headed by Max, are in a long-term marketing agreement through 2030. — AP

RIO DE JANEIRO: Marcel Telles, the billionaire Brazilian investor who cofounded buyout firm 3G Capital Inc, has donated his stake in brewer Anheuser-Busch InBev SA to his son Max in a major step toward succession planning.

Marcel’s stake in AB InBev, which he helped build through a series of deals with his partners Jorge Paulo Lemann and Carlos Sicupira, is worth about US$6.1bil, according to the Bloomberg Billionaires Index.