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
3 best shares to buy right now (by Falcon Crest Asset Managers)

3 best shares to buy right now (by Falcon Crest Asset Managers)

Looking for stock picks? Bruce Whitfield interviews Falcon Crest Asset Managers Chief Investment Officer Farai Mapfinya.

'They find it difficult to work with black people' - George Sebulela (BBC)

'They find it difficult to work with black people' - George Sebulela (BBC)

The Black Business Council is quitting Business Unity South Africa, after 23 years of partnership and dialogue.

Why it’s OK to not be innovative (it won’t save your business anyways)

Why it’s OK to not be innovative (it won’t save your business anyways)

The Money Show’s Bruce Whitfield interviews NicHarry founder Nic Haralambous.

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
'Red Tie Guy'  who captured the world's attention during an Obama speech dies

'Red Tie Guy' who captured the world's attention during an Obama speech dies

Stellenbosch University's Goldfields Residence confirmed the news of Mikhail Hendricks death in a social media post on Friday.

10 things millennials will never fully grasp (and many other flashbacks)

10 things millennials will never fully grasp (and many other flashbacks)

Remember a time before Wifi or dial up internet? How did folks do it? Old school listeners take a trip down memory lane.

"We are waiting on a miracle” - city official on Cape Town drought

"We are waiting on a miracle” - city official on Cape Town drought

A City official told delegates at the African Utility Week conference that they never anticipated the severity of drought.

Cloud eggs are a new craze, here's how it's done (with no egg on your face)

Cloud eggs are a new craze, here's how it's done (with no egg on your face)

Kieno Kammies shows us how to make these fluffy clouds with their sunshine centres, a fad that's sweeping across social media.

Suspect arrested in connection with murder of Courtney Pieters (3)

Suspect arrested in connection with murder of Courtney Pieters (3)

The 40-year-old man is expected to appear in the Goodwood Magistrates Court on a charge of murder, but the date is still unknown.