The multibillion-dollar merger of Anheuser-Busch InBev and SABMiller has cleared all international regulatory hurdles and is set to finalize on Oct. 10, 2016. The estimated US$105 billion deal will create the world’s largest beverage company with combined revenues of approximately $73.5 billion globally.

This deal comes more than one year after the $54-billion monster acquisition of Kraft Foods Group by H.J. Heinz Company formed the third-largest food and beverage company in North America and the fifth-largest in the world.

The AB Inbev-SABMiller deal also will create the world’s largest beer company with nearly 30-percent market share, approximately $66 billion in combined annual revenues and nearly $12 billion in net income. Analysts have speculated that one in three beers sold globally will now be owned by AB-InBev. Heineken, the No. 2 beer rival, has approximately 11 percent of the global market share.

Upon completion of the deal, the combined group—which has yet to be named—will remain headquartered in Leuven, Belgium, and its Global Functional Management office will operate out of its current New York location. To maximize growth opportunities and build on the strengths of both companies in their respective markets, the combined group will be organized into nine geographical zones.

Once the zone headquarters are established, existing SABMiller hubs in Miami, Hong Kong and Beijing will be phased out within a few months after the merger. The future of the SABMiller Europe hub in Zug will be determined as part of the process of divestment of SABMiller’s Central and Eastern European businesses.

The Executive Board of Management (EBM) will be composed of 20 zone presidents and functional chiefs—19 from AB InBev and one from SABMIller—who will report to AB InBev’s CEO Carlos Brito.

AB InBev is the leading global brewer and one of the world’s top five consumer products companies. The company’s portfolio includes more than 200 beer brands anchored by global brands Budweiser®, Corona® and Stella Artois®.

SABMiller plc is the world’s second-largest brewing company and one of the world’s largest bottlers of Coca-Cola drinks.