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

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Article brought to us by Old Mutual.


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