It was all bubbles and clicking of wine glasses on Friday 15th July as the Wines of South Africa held its 2016 Grand Tasting Event. The wine show which is in its fourth year held at the Liquid Hub in Ikoyi, Lagos.
The event is meant to present South African wines to Nigerians in the trade, business executives, media and wine lovers to an evening of wine tasting.
There has been a surge of investors buying up SABMiller’s shares which may force Anheuser-Busch InBev (AB InBev) to raise its takeover bid by as much as $7bn in the next few weeks, according to analyst Mark Swartzberg at Stifel.
UK media reported that an activist hedge fund has purchased a 1% stake in SABMiller, ahead of the company’s Annual General Meeting (AGM) to be held on Thursday. The purchase comes on the heels of a prior 1.3% stake taken by another UK hedge fund earlier this month.
Coca-Cola HBC has the potential to make a major acquisition, according to JPMorgan broker, Casenove. In a note examining the recent re-alignment in Coca-Cola bottling operations worldwide, Casenove noted the strategic value of Coca-Cola Beverages Africa (CCBA), which is widely speculated to be a possible takeover target of Coca-Cola HBC.
