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SabMiller `To Sell` MillerCoors Stake
Bankers have been hired to explore the sale of SABMiller’s 58% stake in MillerCoors
29th October, 2015 by Neal Baker
Bankers have been hired to explore the sale of SABMiller’s 58% stake in MillerCoors, its joint operation with Molson Coors, according to reports.
miller-coors-brewing-company-3-beer-budweisser-light-heinenken-pabst-milwaukee-blue-genny-round-coaster-4-pcsThe sell-off, which would be part of a sell-off to secure the takeover by AB Inbev, could be worth as much as $10bn (£6.6bn), sources close to the company told the Financial Times.
The offloading of several of SABMiller’s and AB Inbev’s assets worldwide is seen as crucial in the effort to gain regulatory approval for the takeover agreed two weeks ago.
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