SABMiller plc is a South African multinational brewing and beverage company headquartered in London, England. It is the world's second-largest brewer measured by revenues (after the American-Belgian-Brazilian Anheuser-Busch InBev) and is also a major bottler of Coca-Cola.[5][6] Its brands include Fosters, Grolsch, Miller, Peroni and Pilsner Urquell.[5] It has operations in 80 countries world-wide and in 2009 sold around 21 billion litres of beverages.[5][dead link]
SABMiller's origins date back to the foundation of South African Breweries in 1895 as to serve a growing market of miners and prospectors in and around Johannesburg. Two years later, it became the first industrial company to list on the Johannesburg Stock Exchange. From the early 1990s onwards, the company increasingly expanded internationally, making several acquisitions in both emerging and developed markets. In 1999, it formed a new UK-based holding company, SAB plc, and moved its primary listing to London. In May 2002, SAB plc acquired Miller Brewing, forming SABMiller plc.
SABMiller has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £35.6 billion as of 23 December 2011, the 11th-largest of any company with a primary listing on the London Stock Exchange.[7] It has a secondary listing on the Johannesburg Stock Exchange.
In October 2015, Anheuser-Busch InBev announced plans to acquire SABMiller for £69 billion ($104 billion).[8]
South Africa says watching merger of SABMiller for signs of tax erosion
October 14, 2015 3:15 PM
(This Occtober 13 story has been corrected to read "objective" in second paragraph))
CAPE TOWN (Reuters) - South Africa's National Treasury could "in the extreme" try and block the $106 billion takeover of SABMiller (SAB.L) (SABJ.J) by the world's largest brewer, Anheuser-Busch InBev (ABI.BR), a senior treasury official said on Tuesday.
"We subject those applications to objective criteria – the likely impact on capital account, the impact on the tax base and the possible complications," the treasury's Director General Lungisa Fuzile told Reuters.
The deal to create a brewer making almost a third of the world's beer would rank in the top five mergers in corporate history and be the largest takeover of a UK company. SABMiller has a secondary listing in Johannesburg.
(Reporting by Wendell Roelf; Editing by James Macharia)
I meant to post this story on October 14th and kept forgetting to post it!
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