Daily Archives: October 5, 2016

Japan’s Asahi set to bid for SABMiller’s remaining East European brands

Japan’s Asahi Group Holdings is said to be planning to offer more than ¥500bn yen ($4.87bn) for SABMiller’s remaining breweries in eastern Europe, according to a report in today’s Nikkei Asian Review.

Anheuser-Bush InBev will close on the deal to acquire SABMiller on Monday 10th October 2016. AB InBev plans to open bidding soon after for SABMiller’s unsold east European brands. As part of AB InBev getting approval from European anti-trust regulators to acquire SABMiller, the brewer was told to divest itself of SABMiller’s European brands.

Diageo rescinds offer to up stake in Guinness Nigeria

Diageo Plc, parent company of Guinness Nigeria Plc announced on Tuesday through its wholly owned subsidiary Guinness Overseas Limited that it was withdrawing its intent to raise its equity stake in Guinness Nigeria Plc by 15.7%.