Ten banks lead SABMiller’s $12.5 bln loan
* SABMiller nets 10 out of 12 banks
* Dollar funding costs high for European banks
* Further syndication possible (more…)
US. Craft Brewery Business Booming
Brewery startups are taking the U.S. by storm, stealing profits from big-name breweries and providing more access to craft beer for mug tippers from coast to coast. There were 1,759 new breweries opened last year according to the Brewers Association, putting every American within 10 miles of a brewery. (more…)
Peru. After six years in Peru Robert Priday leaves Backus
After almost six years, Robert Priday Woodworth, Managing Director of Uni?n de Cervecer?as Peruanas Backus y Johnston S.A.A is leaving the Peruvian operation of SABMiller. (more…)
Diageo Surges After Posting Profit Growth on Emerging-Market Whisky Sales
Diageo Plc (DGE), the world’s largest distiller, surged in London trading after reporting improved full-year profit and targeting accelerated sales growth. (more…)
Kirin Pays $2.5 Billion to Acquire 50% Stake in Brazil Brewer Schincariol
Kirin Holdings Co., Japan’s second- largest brewer, paid 3.95 billion reais ($2.5 billion) to gain a majority stake in the Brazilian maker of Nova Schin beer, adding Latin America’s biggest beer market to its global footprint. (more…)
Senior management appointment at Miller Brands UK
Gary Haigh has been appointed as Managing Director of Miller Brands UK. Mr Haigh is currently President of SABMiller subsidiary Kompania Piwowarska in Poland and succeeds Nick Miller, who announced his resignation in July 2011. (more…)
Foster’s CEO Spurning SABMiller Remains Open to ‘Sensible’ Takeover Talks
Foster’s Group Ltd. (FGL), Australia’s biggest brewer, is open to discussing a “sensible” bid with SABMiller Plc (SAB) after refusing to enter detailed negotiations on the U.K. company’s hostile A$9.5 billion ($10 billion) offer. (more…)
Yanjing Brewery to Buy Hebei’s Tianniu Beer
Beijing Yanjing Brewery Co. Ltd. (000729.SZ), one of China’s largest brewers, is to acquire a 100% stake in Xingtai Tianniu Beer Co. Ltd. for RMB 107.72 million in a bid to build growth in the country’s emerging beer markets. (more…)
India. Andhra policy change to give SABMiller a chance to regain number one slot
SABMiller, the second-largest brewer in India, will get a chance to regain its number one slot in the country’s largest beer market when Andhra Pradesh revokes a policy flip-flop that allowed United Breweries race to the top. (more…)
Bid for Foster’s may need a top-up
FOSTER’S shares pretty much kept pace with the sharemarket’s latest rally yesterday despite a pedestrian June 30 result because there was enough in the profit and what chief executive John Pollaers said about it to suggest that SABMiller will need to sweeten its $4.90 a share offer to win control. Not to the $6 mark that Foster’s wants, however. (more…)