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SABMiller Investing $300 Million in Peruvian Brewery
SABMiller, the maker of Grolsch and Peroni, controls 93.4 percent of the local market, Leyva said. Backus competes with Anheuser-Busch InBev NV, the world's biggest brewer, and Peru's Aje Group.
Analysis: SABMiller faces long haul to turn around Foster's
SABMiller spent $11.8 billion late last year on Foster's and set out ambitious targets to reverse the decline of the perennial underperformer in an Australian market where beer has lost out to wine and volumes have been flat for nearly 20 years.
Boko Haram Attacks Hurt Nigerian Breweries Sales, CEO Says
SABMiller Plc, the world's second-largest brewer by volume, is building a $100 million plant in Onitsha, in south-eastern Nigeria.
Esterline Seen Reaping 37% With Bid as Value Bemoaned: Real M&A
Cheap debt has enabled firms to complete some of the biggest debt financed acquisitions ever, such as Anheuser-Busch Inbev SA's $108 billion takeover of SABMiller PLC and Dell Inc.'s $67 billion purchase of EMC Corp. “Organic revenue growth has been ...
HSBC Doubles Target for Additional Revenue to $2 Billion
In April, 27 percent of Barclays Plc's shareholders voted against CEO Robert Diamond's 12 million-pound ($19 million) compensation package.
InterContinental Surges After Peltz's Trian Buy: London Mover
InterContinental Hotels Group Plc, the world's largest hotel operator by rooms, rose the most in more than eight months after activist investor Nelson Peltz's Trian Fund Management LP bought a stake in the company.
Parsons leaves Deutsche for Greenhill -sources
Parsons, one of the lead advisers to security firm G4S Plc (GFS.L) on its failed $8.2 billion bid last year for Danish cleaning company ISS, joins a string of senior bankers leaving major banks for boutiques, a trend driven by generational change and ...
Strong Asia demand fuels BMW Q1 earnings rise
Asia stocks cement gains after recent rally, oil slips · VW, suppliers settle dispute after marathon talks · UK court says SABMiller shareholders can be split into two classes · Tesla touts speed and driving range with new upgraded battery. Last year ...
Delphi offers $972 million for FCI's motorized vehicles segment
Auto-parts maker Delphi Automotive Plc (DLPH.N) made a binding offer to buy FCI Group's motorized vehicles division (MVL) for about $972 million to boost its presence in the automotive safety equipment market and expand its footprint in Asia.
Molson Coors Profit Falls On StarBev Charge; Names Gavin Hattersley CFO
MillerCoors LLC, the U.S. joint venture of Molson Coors and SABMiller Plc (SAB.L), reported a higher profit for its first quarter boosted by increased sales.