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Mahou, S.A.

1 linked company profile · 1 dated disclosure in this directory.

About this investor

Mahou San Miguel owns Mahou and the Spanish San Miguel beer range. BBG distributes Mahou in the UK since 2021 and San Miguel since January 2025. [1][2][3][4][5]

BBG's agreement began on 1 January 2025 after CMBC's exclusive UK licence ended. Distribution is not an AB InBev brand acquisition. The Spanish range is the reviewed scope; separate San Miguel businesses and territorial rights are not merged. Its owner confirms that BBG has distributed Mahou in the UK since 2021. [1][2][3][4][5]

Each card names the entity invested in. Linked companies and brands can sit below that entity. Stakes use the source’s definition and date; disclosures are selected and do not give a complete portfolio or investor register. Read the investor methodology.

Disclosed holdings & backing

Disclosed backing

Spanish San Miguel brand range

Spanish brand ownership · BBG UK distribution

Ownership sources checked ·

Mahou SA is the parent. Distribution is not an AB InBev acquisition; other San Miguel territories are outside this review.

Ownership & related brands

Evidence · 2 sources
Former holdings & portfolio changes
  • Beer portfolio change 1

    The UK distributor changed to BBG on 1 January 2025; the Spanish brand owner remained Mahou San Miguel. [1]

About & portfolio changes: sources · 5

Research reviewed . Sources for individual investments are included on their disclosure cards.

  1. 01
    San Miguel UK agreement (opens in a new tab)

    Mahou San Miguel · 2 July 2024: Spanish San Miguel owned by Mahou San Miguel; BBG UK distribution starts 1 January 2025, replacing CMBC licence

    Accessed 11 Oct 2026
  2. 02
    Mahou San Miguel legal identity (opens in a new tab)

    Mahou, S.A. · Section 1: Mahou SA and Madrid commercial register M-1076

    Accessed 12 Oct 2026
  3. 03
    Mahou San Miguel corporate organisation (opens in a new tab)

    Mahou San Miguel · Organisation policy identifies Mahou SA as parent; Work Centres explicitly lists Madrid headquarters

    Accessed 12 Oct 2026
  4. 04
    BBG UK brand list (opens in a new tab)

    Budweiser Brewing Group · All 40 named brands/ranges; a trading list can retain former distribution relationships

    Accessed 12 Oct 2026
  5. 05
    Mahou UK distribution (opens in a new tab)

    Mahou San Miguel · 2 July 2024: BBG distributes Mahou in UK since 2021; San Miguel from 1 January 2025; commercial arrangement rather than brand acquisition

    Accessed 12 Oct 2026