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SOUTH AFRICA: SAB may bid for UB stake if price is right

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South African Breweries (SAB) has confirmed it may be interested in bidding for a stake in the Indian beer giant United Breweries (UB) under the right conditions.

UB issued a statement earlier this month inviting SAB to make a bid for a minority stake in the company.

A spokesman for SAB told just-drinks.com: "SAB are in India for the long haul and are always looking at opportunities."

The company said it would be interested in a stake in UB if it was positive for shareholder value and at the right price. "It could be an opportunity but it needs evaluating," the spokesman said.

A report in the Hindu Times suggests analysts expect SAB to go after a 30-40% stake. Despite UB's offer of a minority shareholding, it is thought SAB may still be more interested in a controlling interest.


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