News

UK: SABMiller keener to consolidate than acquire

Most popular

The opportunity for no-alcohol in the on-premise

Pernod is back in Kentucky, but why did it leave?

The just-drinks Analyst returns

Anheuser-Busch InBev Performance Trends 2014-2018

How should adult soft drinks be sold to consumers?

MORE

SABMiller is taking its foot off the acquisition accelerator.

Speaking at a conference in Paris yesterday (12 June), the brewer's chief executive has said that the company will focus more on consolidation than acquisition going forward.

"There aren't many small companies left to buy and most of the privatisations have been completed," Graham Mackay told reporters. "It's now important to make existing business stronger."

Last July, SABMiller paid US$4.8bn to Bavaria's owners, the Santo Domingo family, for a 71.8% stake in the Latin American company. In December, SABMiller bought 25.19% of Bavaria shares listed on the Colombian Stock Exchange, increasing its interest in the brewer to just under 97%. The transaction was widely-thought to be one of the last mega-purchases available in the global brewing market.

When asked if the brewer would hand excess cash to its shareholders in the form of a buyback, Mackay said: "If the transaction stream dried up, we might rethink the policy, but it won't be a one-off thing."


Related Content

Anheuser-Busch InBev’s purchase of SABMiller – The Divestments – data

Anheuser-Busch InBev’s purchase of SABMiller – The Divestments – data...

Anheuser-Busch InBev has SABMiller on the ropes – Editor's Viewpoint

Anheuser-Busch InBev has SABMiller on the ropes – Editor's Viewpoint...

MegaBrew is go - SABMiller backs revised Anheuser-Busch InBev offer

MegaBrew is go - SABMiller backs revised Anheuser-Busch InBev offer...

Anheuser-Busch InBev's approach to SABMiller - The facts

Anheuser-Busch InBev's approach to SABMiller - The facts...

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?