Daily Archives: April 30, 2016

Beta Glass Q1 2016 net profit drop 85%

Beta Glass Plc, maker of glass bottles for bottling companies and brewers said its revenue declined by 24% to N3 billion, from N4 billion in the same period a year ago.

Beta Glass core glass making business is in decline as more beverage companies and brewers switch to cans and plastics packaging.

AB InBev offers to dispose of SABMiller’s Central, Eastern European brands as it seeks regulatory approval

Brewing giant, Anheuser-Busch InBev (AB InBev) has offered to sell SABMiller’s Central and Eastern European brands, including Pilsner Urquell as part of efforts to gain regulatory approval for its planned acquisition of SABMiller.