Anheuser-Busch InBev SA/NV (ENXTBR:ABI) is looking for M&A. During the company's first quarter 2023 earnings conference call and webcast, Mr. Fernando Tennenbaum, Chief Financial Officer, said that "And M&A is definitely an option as well. We can have selective M&A. We know how to do M&A. We did M&A in the past. We know how to create M&A. So, if the right deal at the right moment shows up, of course, we entertain that if it can bring another avenue of growth.

But we don't need M&A to deliver a meaningful value creation to pursue growth". “I -- the best way to frame it is to go back to our resource allocation priorities. The objective, at the end of the day, is to maximize the value creation.

We always invest behind the organic growth of our business. And with the remaining cash, we balance the leveraging shareholder payouts and selective M&A”.