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.
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