With AB InBev rumored to be exploring a takeover of SAB Miller, one US analyst says the deal could prove 'transformative' for Molson Coors' beer prospects in this market.
Whispers of a $171bn+ merger between Diageo and SAB Miller have led to share spikes for both companies over the past couple of days and follow chatter about SAB tying-up with AB InBev.
A Mexican Federal court has agreed to hear SAB Miller’s appeal against a July competition commission ruling over alleged monopolistic activities by Heineken and AB InBev subsidiaries.
Diageo approached SABMiller to discuss carving up fellow alcoholic
drinks giant, Scottish & Newcastle, adding to speculation over
industry consolidation.
China, South America and Europe combined to offset disappointing
performances in North America and South Africa during brewer
SABMiller's third quarter.
International brewer SABMiller said it had signed a joint venture
deal with Coca-Cola Amatil to import, market and distribute premium
beer brands in Australia.
Russia and China have spurred on SABMiller's beer sales over the
last year, but shares struggled to recover after the brewer
remained cautious on future profits in North America.
Consumers all over the world are trading up for their drinks, says
SABMiller's chief executive, telling an analyst conference how the
beer industry can secure long-term growth.