News

UK: Brandes now holds 9% in SAB

Most popular

Is craft spirits approaching a reset moment?

'Healthy alcohol - the trend to watch in 2019?

The beer category in 2018 - Review

The beer category in 2019 - just-drinks predicts

MORE

South African Breweries announced yesterday that Brandes Investment Partners, the San Diego-based asset management group, has taken a  9.12% stake in London listed beer maker. The stake amounts 76.7m shares.
 
Brandes has been a substantial investor in SAB for several months an indeed, according to SAB director of communications Nick Chaloner, has held close to 9% since last year. The reason for the current announcement was a technical realignment of SAB holdings within the different Brandes companies.

SAB is apparently unconcerned about Brandes' substantial stake, and indeed saw it as a positive development. SAB moved from the Johannesburg stock exchange to London to attract foreign shareholders. Chaloner said  because of Brandes's speciality as an asset manager, its investment in SAB shares indicated it recognised SAB as a sound business in emerging markets.
 
However Brandes may also be interested in the current speculation that SAB and US brewer Miller are close to merging.


Companies: SABMiller

Related Content

The end of the Anheuser-Busch InBev affair, the sale of Diageo's tail and the success of C&C Group in 2018 - The just-drinks Analyst

The end of the Anheuser-Busch InBev affair, the sale of Diageo's tail and the success of C&C Group i...

Coca-Cola Beverages Africa partner

Coca-Cola Beverages Africa partner "in place by 2018" - The Coca-Cola Co...

US whiskey profiting from flavourable conditions – Research in Focus

US whiskey profiting from flavourable conditions – Research in Focus...

Research in Focus - Drinks market's 'fast fashion' sector continues to grow through smart innovation

Research in Focus - Drinks market's 'fast fashion' sector continues to grow through smart innovation...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?