Castel denies bid talks with SABMiller

first_img Castel denies bid talks with SABMiller Tags: NULL KCS-content whatsapp Show Comments ▼ Thursday 7 October 2010 8:12 pm A SENIOR executive at French drinks group Castel yesterday denied reports that it was in talks to sell its African beer operations to global brewer SABMiller. A Deutsche Bank report on Wednesday said Castel was a natural target for SABMiller’s mergers and acquisitions ambitions, and a more compelling option than acquiring the Foster’s Group beer business in Australia.The report said Castel’s beer business could transform Africa into a truly significant growth driver for SABMiller if the French group’s controlling family were ever to put it up for sale. Shares in SABMiller, which brews Peroni, Miller Lite and Grolsch beers, rose slightly yesterday.Castel was founded in 1949 by nine brothers and sisters and is still run by its founding president Pierre Castel, 84, and despite his reduced involvement there has been no indication that the controlling family might sell. Share Analysts said a Castel link-up would make strategic sense with SABMiller strong in southern and eastern Africa such as Tanzania, Zimbabwe and Mozambique, and Castel in western Africa nations like Angola, Cameroon and Ivory Coast.“An acquisition of Castel would be an excellent strategic move for SABMiller, given the high margins and strong per capita beer consumption growth in Africa,” said analyst Simon Hales at broker Evolution Securities. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp last_img

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