Global ratings firm Moody’s believes that a successful SABMiller’s acquisition bid of Australian brewer Foster’s would benefit both companies.
Shares in the Foster’s group jump 14% with investors betting on an improved offer or a counterbid.
In the absence of any other bidders, SABMiller’s bid for Foster’s is expected to take months to resolve, as it tries for a better deal from SABMiller.
Australian beer giant Foster’s has rejected an initial $10-billion takeover bid from SABMiller, which said it would still pursue the group.
East African Breweries is buying SABMiller’s 20% stake in its Kenyan unit as part of a deal to end a partnership that allowed the firms
Strong growth in emerging markets of Africa, Asia and Latin America helped brewing giant SABMiller beat forecasts with a 19% rise in annual earnings.
Brewing giant SABMiller beat forecasts with a 3% rise in beer volumes in the first three months of 2011 on Tuesday.
SABMiller prides itself on promoting its brands responsibly through advertising and marketing, and sees no problem with doing so.
SABMiller underlined its confidence in Africa on Tuesday by raising its targets after big investments in nations like Angola and Mozambique.
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/ 23 February 2011
Multinational brewer SABMiller sees volume growth of 8% a year in Africa, its regional head said on Tuesday.
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/ 18 January 2011
Brewer SABMiller beat forecasts with a 3% rise in quarterly volumes, boosted by growth in Africa and Asia.
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/ 24 November 2010
British brewer SABMiller on Wednesday announced its acquisition of CASA Isenbeck from German rival Warsteiner Group for an undisclosed sum.
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/ 18 November 2010
SABMiller said net profits rallied 15% in the first half of its financial year as it was boosted by cost cutting, emerging markets and price hikes.
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/ 18 October 2010
Brewing giant SABMiller on Monday reported a recovery in beer sales.
SABMiller aims to protect its 90% market share in South Africa from rival Heineken, the head of the brewer’s South African unit said on Monday.
Water care award, winner: <b>SABMiller</b>
SABMiller expects a recovery in consumer spending only towards the end of 2010, as it reported a 17% rise in annual earnings on Thursday.
Brewing giant SABMiller is to build a $34-million brewery in Namibia as it looks to increase its presence in the country.
SABMiller has a fight on its hands in the premium beer market and the battle was intensified this week with the opening of the Sedibeng brewery.
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/ 19 January 2010
Brewing giant SABMiller missed forecasts as it reported flat third-quarter worldwide underlying beer volumes on Tuesday.
South African Breweries (SAB) is making contingency plans to counter threatened strike action at its beer plants.
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/ 8 December 2009
SABMiller’s empowerment transaction will enhance its compliance with government’s Codes of Good Practice on Broad-Based Black Economic Empowerment.
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/ 19 November 2009
World number two brewer SABMiller beat forecasts on Thursday with a 6% rise in first-half profit.
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/ 15 October 2009
SABMiller saw beer volumes dip slightly as forecast in the six months to September as the global slowdown continued to hit demand.
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/ 12 September 2009
Beer giants exploit Africa’s competition loopholes, writes Lloyd Gedye.
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/ 8 September 2009
SABMiller announced on Tuesday that it has been granted a licence by the Namibian government to brew and bottle beer in Namibia.
World number two brewer SABMiller will invest -million in a new brewery and soft-drinks plant in Angola this year.
SABMiller on Wednesday announced a proposed broad-based black economic empowerment (BEE) transaction worth about R6-billion.
SABMiller will reduce fossil-fuel emissions from its beers by 50% per litre of beer produced by 2020, it said on Friday.
Brewing giant SABMiller beat forecasts with just a 4% dip in annual earnings on Thursday.
SABMiller has started production of Southern Sudan’s first locally produced beer, the brewing giant said on Friday.
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/ 10 December 2008
SABMiller said it would launch a lager in south Sudan, the first beer produced since Islamic law shut down the region’s last brewery 25 years ago.