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SAB Miller has further upped its focus on emerging markets via a tie-up with Turkish drinks group Anadolu Efes. The Peroni brewer takes a 24% stake in Anadolu in return for handing over its Russian and Ukrainian beer businesses.
The proposed takeover of Aussie brewer Foster s Group has been waved through by the country s competition watchdog. The Australian Competition Consumer Commission yesterday said it would not stand in the way of the swoop by SAB Miller.
SAB Miller is celebrating success in its battle to buy Australian brewer Foster s Group. The Foster s board has recommended shareholders accept an improved bid from SAB Miller, which values the target at just under AUD11.5bn.
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