UK: SABMiller, Bavaria – rumour mill in overdrive
SABMiller is rumoured to be closer to the acquisition of Colombian brewer Grupo Empresarial Bavaria. The London-based company is reported to have been in close competition with Heineken to secure ownership of South America's second-largest brewer.
Industry sources have suggested that a deal looks more likely after a senior executive at SABMiller is thought to have met the president of Colombia for dinner last week to secure political backing for the purchase. Alvaro Uribe was in London to meet Prime Minister Tony Blair.
The acquisition of Bavaria is widely-estimated to be worth around US$7bn including debt. The brewer is currently 70% controlled by the Santo Domingo family, who have spent most of this year ruling out a takeover but saying they would consider a merger going forward.
Bavaria, which holds dominant market share in Colombia, Panama, Ecuador and Peru, is considered to be one of the last easy entry points into Latin America for global brewers who are seeing sales slow in the mature markets of the US and western Europe.
When contacted by just-drinks today (18 July), SABMiller declined to comment on the rumours.
Having recorded a third consecutive year of volume, margin and earnings growth, global brewing force, SAB Miller, was in a position to give shareholders a 27% dividend increase and eye the acquisition...
The Corporación Financiera Internacional (IFC), an investment arm of the World Bank, has acquired a stake in Empresarial Bavaria....
The CEO of SABMiller has hailed the brewer's full-year figures as "very pleasing" today (19 May)....
SABMiller has seen its share rating upgraded....
SABMiller has agreed to acquire the Slovakian brewer Topvar. Topvar is located in the city of Topoľčany in Western Slovakia and sold 569,000 hectolitres of beer in 2004....
SABMiller has had its share recommendation upped....
AmBev Peru is to launch a new beer in the market that will bring competition to a market so far dominated by the monopoly of Union de Cervecerias Peruanas Backus & Johnston SAA, or Backus....
Heineken has its eyes on possible acquisitions in Latin America, according to the company's CEO....
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