SABMiller sells stake in Kenya Breweries
Fin24 - Jun 6th 2011, 07:58
Johannesburg - SABMiller on Monday announced that its subsidiary SABMiller Africa has agreed to sell its 20% shareholding in Kenya Breweries to East African Breweries for about $225m in cash.
The sale is subjects to East African Breweries disposing of its 20% shareholding in Tanzania Breweries by way of a public offer through the Dar-es-Salaam Stock Exchange.
SABMiller International has also agreed to terminate a brewing and distribution agreement with Kenya Breweries, which means Kenya Breweries will cease to distribute SABMiller's brands in Kenya after a short transitional period.
SAB close to acquiring Smirnoff drinks range
19/07/2019 - 11:27
South African Breweries (SAB) is a step closer to acquiring the Smirnoff ready-to-drink (RTD) range of products, mostly ciders, and mixes, after the Competition Commission announced the approval of the acquisition from Diageo South Africa.
AB InBev offloads Australian unit for $11.3bn
19/07/2019 - 09:03
Anheuser-Busch InBev (AB InBev), which shelved plans to list its Asia Pacific business in Hong Kong, said it will sell Australian subsidiary Carlton & United Breweries (CUB) to Japan’s Asahi Group for about $11.3bn (R157bn).
SAB appoints new vice president corporate affairs, Zoleka Lisa
12/07/2019 - 09:53
South African Breweries (SAB) announced that it has appointed Zoleka Lisa as its vice president corporate affairs for South Africa, from 01 July 2019.
Finalists in the Sunday Times Lifestyle Beer Awards announced
08/07/2019 - 09:05
The Sunday Times Lifestyle Beer Awards in partnership with Makro announced the finalists across five categories in this inaugural competition. The Awards celebrate the creators and retailers of local and internationally crafted beers and will present as a guide to the best beers on the market.
Pernod Ricard acquires Italian gin brand Malfy
24/06/2019 - 13:34
Pernod Ricard’s stand-alone gin brand The Gin Hub has confirmed its purchase of Italian gin brand Malfy. The Gin Hub claims the resultant increased portfolio breadth will drive growth in the Super-Premium Gin category.