SABMiller overtakes Naspers to become the largest company in Africa

Anheuser-Busch InBev has informed rival SABMiller that it intends to make an offer to acquire it.

Due to the resulting surge in SABMiller’s share price it is now the JSE’s largest company.

The Money Show’s Bruce Whitfield interviewed Christopher Gilmour, Analyst at the Wealth and Investment Department at Barclays Africa.

Scroll down for quotes from the audio below.

This potential deal has been a long time coming.

Christopher Gilmour

SABMiller got close to acquiring Heineken.

Christopher Gilmour

I suspect we’re going to see a nice, chunky offer from Anheuser-Busch InBev. They’ll have to, probably, offer a 30% premium.

Christopher Gilmour

There is very little overlap – except for the US and China - between the markets served by the two brewers. There won’t be any regulatory issues.

Christopher Gilmour

Both these companies have grown through acquisitions.

Christopher Gilmour

Their ability to reduce costs are phenomenal.

Christopher Gilmour

Their combined market cap will be around US$275 billion!

Christopher Gilmour

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