SABMiller says it has concluded an agreement with Anheuser-Busch to transfer the US importation rights for the Grolsch brand to its US joint venture.
South African Breweries (SAB) confirmed on Tuesday that South Africa will be the first country outside Europe to bring to market Dutch beer Grolsch Premier Lager following the acquisition of Royal Grolsch by SABMiller four months ago.
SABMiller, the world’s biggest brewer, beat forecasts with a 19% rise in annual earnings, but added beer volume growth in its current first-half will be hit by high input costs and high comparative figures. The London-based maker of Miller Lite, Peroni and Pilsner Urquell beers posted adjusted earnings per share on Thursday of 143,1 United States cents for the year to March 31.
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/ 18 December 2007
The JSE was lower at midday on Tuesday, playing catch-up after the public holiday on Monday when there was weakness in global equity markets. By 12.04pm, the JSE’s all-share index had pulled back 2,38%. The gold mining index fell 3,31%, resources lost 3,21% and the platinum mining index gave up 3,16%.
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/ 18 December 2007
Global brewing giant SABMiller (SAB) and Koninklijke Grolsch NV said on Tuesday that they will submit a request for approval of the offer memorandum in respect of the SABMiller offer for Grolsch to the Dutch authority for the financial markets this week.
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/ 19 November 2007
SABMiller, the world’s second-biggest brewer, has agreed to buy Dutch rival Grolsch for €816-million in cash to strengthen its position in the fast-growing premium beer market. London-based SABMiller, which makes Miller Lite, Castle and Peroni beers, said on Monday it was offering €48,25 a share.
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/ 19 November 2007
The JSE was weaker at midday on Monday, erasing earlier gains following a similar trend in European markets on early indications that Wall Street was likely to open lower. At noon, the all-share index was down 0,69%. Resources fell 1,75% while the gold- and platinum-mining indices gave up 0,46% and 1,81% respectively.