Business

SABMiller more potent in Europe on Turkey tie-up

11 April 2012

SABMiller today stole a march on Heineken as it beat its continental rival to a deal that positions it to buy one of the biggest brewers in Europe.

The London-based brewer behind Miller and Peroni has struck a partnership with Turkey's Anadolu Efes that includes an option for SAB to buy the beer giant if its family owners decide to sell.

Anadolu Efes is seen as the last big takeover prize for the big four European brewing giants. Based in Turkey, it has major positions in Russia and states such as Moldova, Georgia and Kazakhstan.

The deal is structured so SABMiller effectively sells its Russian and Ukrainian beer business to the Turkish brewer in return for a 24% stake. It puts an enterprise value of $1.9 billion (£1.2 billion) on the two companies' Russian and Ukrainian businesses and creates the second biggest brewer in Russia by value after Carlsberg's BBH division.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in

MORE ABOUT

Beer
Country Of Georgia
Kazakhstan
Manufacture Of Beverages
Turkey
Ukraine