In early September, analysts at Nomura ran the rule over a possible SABMiller merger with Diageo. Anheuser-Busch InBev now looks certain to take control of SABMiller, but Diageo – wrestling with stock price weakness and currency headwinds – has been far from quiet. Here's a just-drinks rundown on the Guinness and Johnnie Walker owner's movements in the past few weeks, which have seen it withdraw from some of its wine and beer investments.
9 September: Diageo announces that it is looking to increase its stake in Guinness Nigeria from 54.3% to 70%. The news follows the company's move in July to pull out of its South African and Namibian brewing joint-venture with Heineken and Namibian Breweries.
Subscribe to Just Drinks for just £1 for 1 month
Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.
As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.
What’s included in your subscription:
- Personalized Access: Secure login to Just Drinks
- Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
- Case Studies & Deep Dives: Real-world applications and in-depth analyses.
- Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.
Ready to stay informed?
