SABMiller to examine £7bn Foster’s deal

first_img Show Comments ▼ whatsapp SABMiller to examine £7bn Foster’s deal Share Tags: NULL More From Our Partners I blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale center_img KCS-content whatsapp Sunday 22 August 2010 10:20 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorBrake For ItThe Most Worthless Cars Ever MadeBrake For ItTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald SABMILLER, the acquisitive drinks company, will look at a £7bn takeover of Australian brewer Foster’s Group’s beer-making arm when it demerges its businesses next year.SABMiller would be likely to come up against competition for Carlton & United Breweries from Asahi, the Japanese beer manufacturer, and America’s Molson Coors. Carlton & United is seen as Foster’s prize asset and generates around 85 per cent of the group’s earnings. It boasts a juicy profit margin of 38.5 per cent.Foster’s sparked talk of a bidding war in May when it said it would split off its beer operation from its troubled wine unit. The separation, expected in the first half of next year, would provide an opportunity for SABMiller to pounce.SABMiller chief executive Graham Mackay has made no secret of his desire to consolidate the brewing industry. When he moved the company’s main listing from Johannesburg to London in 1999, Mackay said: “There will be a lot of deals in this industry and we either have to take part or be a spectator.”Since then he has proven true to his word, transforming SABMiller into the world’s second-largest brewer by buying Pilsner Urquell, Peroni of Italy, Miller of the US, Colombia’s Bavaria and Holland’s Grolsch.Buying Carlton & United would give it control of Australia’s most popular beer, Victoria Bitter, as well as a platform from which to expand in south east Asia. SABMiller would be able to challenge Anheuser-Busch InBev for global pole position.SABMiller recently made Morgan Stanley joint house broker, although the move is not related to a deal. last_img

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