SABMiller May Have Soft Drinks M&A Opportunities, Bernstein Says
2014-11-25 08:39:36.698 GMT
By Heather Burke
Nov. 25 (Bloomberg) -- SABMiller may find attractive
acquisition opportunities in soft drinks, especially in Africa,
Bernstein says in note.
* Bernstein: Soft drinks becoming more important part of
SABMiller’s business (21% of vols. in FY14 vs 17% in FY09),
organic growth is faster than beer
* Beer acquisitions are “few and expensive,” soft drinks
mkt still has possible areas to consolidate
* Africa is obvious place to look at soft drinks M&A, co.
present in 21 countries
* Coca-Cola SABCO stands out as possible M&A target due to
its group of countries; is No. 2 Coca-Cola bottler in S.
Africa, has bigger African exposure, sees deal
enterprise value ~$3b
* 2 other bottlers in S. Africa: PenBev, Coca Cola
Shanduka Beverages
* Equatorial Coca-Cola Bottling Company (ECCBC) operates
in 12 countries in West and North Africa
* Coca-Cola Hellenic’s business in Nigeria would be other
“big prize” in Africa
* None of the cos. discussed have announced or commented
on any plans for M&A
* May make sense for Coca-Cola to broaden ties with
SABMiller to consolidate in Africa, especially if it got
a stake
* May make sense for Coca-Cola to broaden ties with
SABMiller to consolidate in Africa, especially if it got
a stake</li></ul>
* NOTE: 1H lager organic vols. fell 1%, soft drinks rose 9%,
SABMiller said Nov. 13
* NOTE Nov. 17: SABMiller May Announce a Soft Drinks Deal
Soon, Citi Says
* NOTE Nov. 12: SABMiller, Coca-Cola to Form New Company in
Africa: Sky News
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net
2014-11-25 08:39:36.698 GMT
By Heather Burke
Nov. 25 (Bloomberg) -- SABMiller may find attractive
acquisition opportunities in soft drinks, especially in Africa,
Bernstein says in note.
* Bernstein: Soft drinks becoming more important part of
SABMiller’s business (21% of vols. in FY14 vs 17% in FY09),
organic growth is faster than beer
* Beer acquisitions are “few and expensive,” soft drinks
mkt still has possible areas to consolidate
* Africa is obvious place to look at soft drinks M&A, co.
present in 21 countries
* Coca-Cola SABCO stands out as possible M&A target due to
its group of countries; is No. 2 Coca-Cola bottler in S.
Africa, has bigger African exposure, sees deal
enterprise value ~$3b
* 2 other bottlers in S. Africa: PenBev, Coca Cola
Shanduka Beverages
* Equatorial Coca-Cola Bottling Company (ECCBC) operates
in 12 countries in West and North Africa
* Coca-Cola Hellenic’s business in Nigeria would be other
“big prize” in Africa
* None of the cos. discussed have announced or commented
on any plans for M&A
* May make sense for Coca-Cola to broaden ties with
SABMiller to consolidate in Africa, especially if it got
a stake
* May make sense for Coca-Cola to broaden ties with
SABMiller to consolidate in Africa, especially if it got
a stake</li></ul>
* NOTE: 1H lager organic vols. fell 1%, soft drinks rose 9%,
SABMiller said Nov. 13
* NOTE Nov. 17: SABMiller May Announce a Soft Drinks Deal
Soon, Citi Says
* NOTE Nov. 12: SABMiller, Coca-Cola to Form New Company in
Africa: Sky News
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Heather Burke in London at +44-20-7673-2044 or
hburke2@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-7673-2645 or
jludden@bloomberg.net