In a statement last night the company said: “In light of prevailing market conditions, SABMiller plc has decided, in the best interests of its shareholders and the company, not to proceed with the proposed placing of ordinary shares.”
UK: SABMiller pulls float plans
SABMiller, the world#;s second largest brewer, created by the acquisition of Miller Brewing by South African Breweries, has dropped plans to raise close to £650m in a share placement.
July 11, 2002