SABMiller/AB InBev 'Megabrew' deal - the 1st casualty of Brexit?

If it was me; I’d say to SAB Miller shareholders to not be greedy!

Paul Theron, Vestact

If this falls through it’ll be an almighty explosion. Everyone will be licking their wounds.

Paul Theron, Vestact

AB InBev hedged their exposure to the pound rising against the dollar. That has gone against them bigtime.

Paul Theron, Vestact

The pound has lost around 12% against the US dollar since the Brexit vote.

AB InBev has increased its offer after major SABMiller investors complained that the fall in sterling has made the deal worth less.

The Money Show’s Bruce Whitfield interviewed Vestact CEO Paul Theron.

Scroll down for quotes from the audio below.

Brito [AB InBev CEO] is renowned for not being quick when reaching for his wallet.

Paul Theron, Vestact

Getting a deal of this size done is like herding cats.

Paul Theron, Vestact

There’s too much momentum now. Some sort of a compromise will be reached.

Paul Theron, Vestact

Heineken don’t want to do a deal with anyone.

Paul Theron, Vestact

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the six most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Malusi Gigaba’s advisor set up meeting with Guptas – ex Eskom CEO Brian Dames

Malusi Gigaba’s advisor set up meeting with Guptas – ex Eskom CEO Brian Dames

Bruce Whitfield interviewed EWN reporter Rahima Essop and Prof Somadoda Fikeni, Adviser to Unisa's Vice-Chancellor.

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.

What to expect from Malusi Gigaba’s Medium Term Budget Policy Statement

What to expect from Malusi Gigaba’s Medium Term Budget Policy Statement

The Money Show’s Bruce Whitfield interviews Investec Asset Management Economist Nazmeera Moola.

SABMiller CEO Alan Clark to get R1.2 billion when AB Inbev takes over

SABMiller CEO Alan Clark to get R1.2 billion when AB Inbev takes over

This is according to a Financial Times article, published on Tuesday.

Why investing in beer (not steel) will make you rich

Why investing in beer (not steel) will make you rich

It’s far more lucrative to invest in companies that brew beer than those that produce steel, according to a new study.

Craft beer industry comments on likely marriage of giants SABMiller and AB Inbev

Craft beer industry comments on likely marriage of giants SABMiller and AB Inbev

The beer world faces its biggest merger ever. Here's what the craft beer industry makes of if this, seemingly, imminent union...

Popular articles
LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

LISTEN: Gerrie Nel on why he's persuing prosecution against Duduzane Zuma

AfriForum will prosecute Duduzane Zuma after NPA declined to do so in 2015 following a 2014 accident where a woman died.

How we invented the modern concept of sleep

How we invented the modern concept of sleep

Dr Bodhisattva Kar reveals how industrial capitalism influenced the world's current sleep patterns.

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

Hassen Adams (he brought Burger King and Dunkin’ Donuts to SA) talks money

The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.