SABMiller hires Robey Warshaw to advise on M&A strategy
SABMiller an FTSE-100 brewing company, has hired the investment bank Robey Warshaw to advise on M&A strategy, The Sunday Times reported. The newspaper cited City sources for the information.
The item noted growing speculation that listed Belgian competitor Anheuser Busch-InBev [EBR:ABI] will make an offer for SABMiller. AB Inbev is backed by the buyout group 3G Capital Partners.
The newspaper's Agenda column noted that SABMiller's share price closed at 3045p in London on Friday, 28 August, having traded at slightly less than 3800p per share several months ago.
SABMiller’s market capitalisation stood at GBP 49.40bn (EUR 67.98bn) on Friday's close.