INDIA: UB snatches Associated Breweries from under SAB's nose
The deal comes only two months after South African Breweries (SAB) came close to buying ABD, according to the Indian press. One source said: "With this acquisition, UB has put in place a defence against possible invasion of the western India market by SAB which has already made its presence felt in North India by taking over Narang Industry's brewery."
The deal is a strategic acquisition for UB, who are currently preparing for the anticipated increase in competition in India, as the market liberalises, by consolidating its number one position.
UB has also acquired through the deal the exclusive licensing for the manufacture of Philippine beer brand San Miguel, the exclusive rights for which are currently held by ABD.
UB group chairman Vijay Mallya said: "I am delighted both professionally and personally that UB was able to conclude a transaction with the Irani family who own ABD, and who did a wonderful job establishing London Pilsner and several other brands of beer."
He went on to say that the transaction took only three weeks from the date of offer until the date of closure.
ABD's sales last year in Maharashtra were valued at over Rs 35 crore. Besides London Pilsner, its brands incude London Diet, Maharaja Premium and San Miguel which are manufactured at its brewery in Thane.
A recent decision by the US Supreme Court will lead to a loosening of regulations regarding direct wine shipments to consumers in many states. David Robertson asks if the ruling could precipitate furt...
Disappointing second quarter results from Anheuser-Busch were far from well received by investment analysts who believe the brewer is making mistakes and more importantly failing to heed their warning...
Having recorded a third consecutive year of volume, margin and earnings growth, global brewing force, SAB Miller, was in a position to give shareholders a 27% dividend increase and eye the acquisition...
The hunt for the ultimate sports drink may be at an end....
South African Breweries has defended a controversial redundancy package covering a group of former workers who claimed the deal was signed without their approval....
Former workers at South African Breweries have slammed the country's Food and Allied Workers Union for agreeing to redundancy package without their approval....
Morgan Stanley has resumed coverage of SABMiller....
The Distell Group has advised its investors on the JSE Securities Exchange that, compared to 2003/4, its earnings per share and headline earnings would increase by between 25% and 35% for the year to ...
- How Treasury is rewriting the rule book - Comment
- Craft spirits shake-out will be just the beginning
- Drinkable yogurt - The next drinks opportunity
- Has Diet Coke passed its sell-by date? - Comment
- Coca-Cola India suspends bottling operations
- Diageo brands need "fixing and nurturing" - TWE
- SAB shareholders granted AB InBev vote split
- This week in wine & spirits on just-drinks
- Spirits volumes slide in Global Travel Retail
- Pernod Ricard wins Ron Matusalem 'Cuba' legal row
- The Next Seven Big Beverage Markets
- Global rum insights - market forecasts, product innovation and consumer trends
- Carlsberg AS (CARL B) - Financial and Strategic SWOT Analysis Review
- Global RTD insights - market forecasts, product innovation and consumer trends
- Adultifying Soft Drinks; Capitalizing on rising adult demand for non-alcoholic beverages