Friday, February 22, 2008

SABMiller interested in further growth opportunities

SABMiller, the international brewing company, is interested in looking for further growth opportunities in developing markets, according to Business Day.
The report, which cited SABMiller spokesperson Nigel Fairbass, noted that the company could be interested in opportunities in Asia as well as southeastern Asia.
Citing an industry analyst, the report noted that the brewer could also look at growth prospects in Mexico and Russia. The report noted that a potential acquisition of Femsa, the Mexico-based beverage company, could provide SABMiller with access to the Brazilian market.
The sector analyst also reasoned that Carlsberg could be a possible target for SABMiller as Carlsberg could be overextending itself as a result of its bid for Scottish & Newcastle.
Fairbass was cited as saying that SABMiller concentrated on the premium sector in Russia and that there is not a significant following of beer brands in Russia.


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