SABMiller owner of South African Breweries
Pre-acquisition history
The origins of the company date back to the foundation of South African Breweries in 1895 in South Africa. For many decades, the operations of South African Breweries were mainly limited to southern Africa, where it had established a dominant position in the market during South African Apartheid, until 1990 when it began investing in Europe.In 1999, after listing on the London Stock Exchange to raise capital for acquisitions, the group purchased the Miller Brewing Company in North America from the Altria Group in 2002, and changed its name to SABMiller.Following this, the group's next major acquisition was of a major interest in Bavaria S. A., South America's second largest brewer and owner of the Aguila and Club Colombia brands in 2005.In 2008, SABMiller and Molson Coors created MillerCoors, a joint venture to produce beverages in the United States.
The company became engaged in the hostile takeover of Fosters in August 2011, and in September 2011 the board of Foster's agreed to a takeover bid valuing the company at A$9.9bn (US$10.2bn; £6.5bn). The deal was completed by the end of 2011, but excluded the Foster's lager brand in the UK and Europe, where it is owned by Heineken.In November 2011, SABMiller launched Impala Cervejas in Africa, the first commercially produced cassava beer, although Africans have been making cassava home brews for generations. The taste is described as "somewhat bitter, somewhat tangy, not sweet".In 2013, the company joined leading alcohol producers as part of a producers' commitments to reducing harmful drinking.In July 2014, the company announced it was divesting its 39.6 percent stake in casino and hotel group Tsogo Sun Holdings Limited through institutional share placements and a partial buy-back from Tsogo Sun. SABMiller's stake at the time was valued at approximately ZAR11.7 billion (US$1.09 billion).In September 2014, the company made an unsuccessful attempt to acquire a controlling stake in Dutch rival Heineken International, a move Bloomberg states was part of SABMiller's strategy to protect itself from a potential takeover bid from Anheuser-Busch InBev.On 27 November 2014, it was announced that SABMiller, The Coca-Cola Company and Gutsche Family Investments had agreed to combine the bottling operations of their non-alcoholic ready-to-drink beverages businesses in southern and east Africa. The new bottler, Coca-Cola Beverages Africa, will serve 12 high-growth countries accounting for approximately 40 percent of all Coca-Cola beverage volumes in Africa. SABMiller will hold 57 percent shareholding in the proposed venture.In May 2015, SABMiller announced it would acquire British brewery company Meantime Brewing for an undisclosed fee.
possessor of holder of proprietor of controller of occupier of