SABMiller could grow African spirits portfolio; has measured approach
SAB Miller, the UK/South African beverages group, could expand its spirits portfolio in Africa, Business Day reported. The newspaper quoted Alan Clark, the chief executive of SABMiller, who added that the group has a measured approach in this respect. He said in the article that SABMiller has the necessary scale to participate in the African spirits market and could decide to take advantage of the underdeveloped nature of the industry where appropriate.
Business Day pointed out that SABMiller currently has smaller wine and spirits units in Mozambique and Tanzania, as well as a small investment in the Nigerian spirits market.
SABMiller has a market cap of GBP 56.372bn.
Source Business Day (South Africa)