UK: SABMiller calms German acquistion talk
SABMiller has played down suggestions that it is mulling acquisitions in Germany.
In an interview with Financial Times Deutschland this weekend, the managing director of the brewer's European unit was cited as saying the company would consider purchases in the country.
"Germany is interesting because of its size," Clark told the paper. "But up to now we have not seen any potentially attractive acquisition target. I'm sure there are possibilities of acquisitions."
When contacted by just-drinks today (3 September), however, a spokesperson for SABMiller suggested that any potential purchase would more likely focus on its international rather than local footprint. "We'd more likely look at acquiring a brand that would work on an international scale, rather than buying a substantial local player," the spokesperson said.
"While Germany is a big focus for (SABMiller's international brand) Pilsner Urquell, it is still a difficult market for brewers, with low margin and low growth," the spokesperson noted.
Looking elsewhere in Europe, the spokesperson would not be drawn on whether SABMiller would be interested in the potential sale of Budejovicky Budvar by the Czech government. Reports last week suggested that InBev may also be keen on buying the state-owned brewer.
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