Singapore-based brewer Fraser & Neave has expressed an interest in SABMiller’s Peroni and Grolsch brands.
The crushing depreciation of the South African rand, one of brewer SABMiller’s key operating currencies, has severely held back its reported third quarter results.
Brewing group AB InBev has been listed on the Johannesburg Stock Exchange (JSE) as it steps up its South African presence as part of its takeover of SABMiller.
Japanese brewer Suntory has ruled itself out of the running for Peroni and Grolsch, Bloomberg has reported.
Japanese brewer Asahi is in the process of formulating a takeover bid for beer brands Peroni and Grolsch, according to a Tokyo newspaper.
Former Diageo CEO Paul Walsh is in talks to buy the Peroni and Grolsch beer brands that are being sold as part of the £71 billion takeover of SABMiller by AB InBev, according to reports.
Market experts “do not envisage anti-trust issues” arising in the US over AB InBev’s proposed takeover of rival brewer SABMiller.
AB InBev CEO Carlos Brito has defended his company’s takeover of rival brewer SABMiller to a doubtful US Senate committee as he faced questions over its impact on the US beer market.
Beer giant AB InBev has confirmed reports that it is intending to sell the Grolsch, Peroni and Meantime brands after it completes its takeover of rival SABMiller.
The US Senate is to hold a hearing next week on the impact of beer giant AB Inbev’s £71bn takeover of rival brewer SABMiller.
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