Graham Mackay, the executive who built SABMiller Plc into the world’s second-biggest beer maker, has died.
SABMiller’s promotion of chief executive Graham Mackay to chairperson without a good reason flouts the United Kingdom’s corporate governance code.
Brewing giant SABMiller and US brewer Molson Coors have announced the closing of the transaction to combine their US and Puerto Rico operations.
The acceptance period for global brewing giant SABMiller’s offer for Dutch brewer Koninklijke Grolsch NV (Grolsch) commences at 9am, Amsterdam time on January 8 and will end at 3pm Amsterdam time on February 5, unless extended, the company said on Monday.
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/ 15 November 2007
SABMiller met forecasts with a 22% rise in first-half earnings on Thursday, but said it expected trading conditions to get tougher amid rising costs for energy, grain, glass and aluminium. The world’s second-largest brewer and maker of Miller Lite, Castle and Peroni beers posted adjusted earnings per share of 69,1 US cents
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/ 10 October 2007
Brewers SABMiller and Molson Coors Brewing have agreed to combine their United States operations to create a business that will have annual sales of ,6-billion and be the second-biggest market player behind Anheuser-Busch. The venture, MillerCoors, will generate around -million of annual cost savings.