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Tue,22Jan2019

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SABMiller sales hurt by economic volatility in Africa

File Photo©Reuters/Dado RuvicBrewer SABMiller, in the process of being bought by Anheuser-Busch InBev, reported lower quarterly revenue on Thursday, hurt by tough conditions in some African markets.

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South Africa's union threatens to strike over SABMiller scheme

File photo©Andy Wong/AP/SIPASouth Africa's Food and Allied Workers Union (Fawu) said on Thursday it will strike and may take legal action if no agreement is reached with brewer Anheuser-Busch InBev on SABMiller's plan to give blacks a larger role in the business.

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M&A: AB InBev-SABMiller deal set to gain U.S. approval

File photo©Andy Wong/AP/SIPAThe U.S. Justice Department is set to approve Anheuser-Busch InBev SA's takeover of SABMiller Plc later this month.

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Heineken sales up, but tough conditions in Nigeria

Photo©Sang Tan/AP/SIPAHeineken NV, the world's third-largest brewer, sold far more beer than expected in the first quarter, helped by growth in Vietnam, the Chinese New Year and an earlier Easter bringing forward sales in Europe and the Americas. But it said underlying trading conditions in Nigeria were tough.

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M&A: AB InBev, SABMiller extend takeover deadline to 4 November

Photo©ReutersBrewer SABMiller Plc has extended the deadline for rival Anheuser-Busch InBev to make a formal $100 billion-plus takeover offer by a week.

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South Africa: Beer mega merger faces jobs battle in SABMiller's birthplace

Belgian brewer Anheuser-Busch InBev may have won over peer SABMiller, but the $100 billion-plus deal could face delays in South Africa, where the now British company began selling its ubiquitous Castle Lager 120 years ago.

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M&A: AB InBev, SABMiller in $100 bn deal

Photo©ReutersThe world's two biggest brewers agreed on Tuesday to create a company making almost a third of the world's beer after SABMiller accepted an offer worth more than $100 billion from larger rival Anheuser-Busch InBev.

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South Africa observing SABMiller merger for signs of tax erosion

Photo©ReutersSouth Africa's National Treasury could "in the extreme" try and block the $106 billion takeover of SABMiller by the world's largest brewer, Anheuser-Busch InBev, a senior treasury official said on Tuesday.

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M&A: SABMiller's 4th largest investor rejects AB InBev offer

Photo©ReutersThe fourth largest shareholder in SABMiller on Monday rejected Anheuser-Busch InBev's $100 billion takeover offer as too low, piling pressure on the Belgian brewer to sweeten the deal that would a create beer colossus.

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M & A: SABMiller rejects AB InBev's $104 bn takeover approach

SABMiller Chairman, Jan du Plessis had earlier described his company as the SABMiller, the world's second largest brewer, has promptly rejected an improved offer from bigger rival Anheuser-Busch InBev, saying on Wednesday that its 68 billion-pound ($104 billion) valuation was insufficient.

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AB InBev makes new $103 bn bid for rival SABMiller

File photo©ReutersAnheuser-Busch InBev, the world's largest brewer, on Wednesday increased its bid for its largest rival SABMiller to 42.15 pounds per share in cash, valuing the company at nearly 68 billion pounds ($103.63 billion).

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