AB InBev explains vision for Africa. SABMiller rejects improved offer

Global beer giant AB InBev has made a formal offer to merge with SABMiller.

This is an improved offer (£42.15 per share) on the one SABMiller previously rejected (£40 per share).

SABMiller has subsequently rejected the improved offer.

The Money Show’s Bruce Whitfield played a clip in which Carlos Brito, CEO of AB InBev, explains what his vision for Africa would be should the two companies combine their businesses.

Whitfield also interviewed Dr Adrian Saville, Chief Investment Strategist for Citadel.

Scroll down for quotes from the audio below.

SAB’s commitment to Africa has been a key driver of its success.

Carlos Brito, AB InBev CEO

Johannesburg will remain the Africa headquarters.

Carlos Brito, AB InBev CEO

SAB is deeply engaged with South African society. We intend to continue with this.

Carlos Brito, AB InBev CEO

No other brewer has SABMiller’s footprint.

Dr Adrian Saville, Chief Investment Strategist for Citadel

SABMiller is an attractive target.

Dr Adrian Saville, Chief Investment Strategist for Citadel

At this price, I would take it. There won’t be a similar offer any time soon.

Dr Adrian Saville, Chief Investment Strategist for Citadel

It may turn hostile. If that happens; no price will be too high.

Dr Adrian Saville, Chief Investment Strategist for Citadel

This is an acquisition, not a merger. SABMIller will lose a number of its people and AB InBev will get the keys to the kingdom.

Dr Adrian Saville, Chief Investment Strategist for Citadel

It’s best for the business if this doesn’t happen.

Dr Adrian Saville, Chief Investment Strategist for Citadel

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
How to escape the tyranny of 'project-based revenues'

How to escape the tyranny of 'project-based revenues'

The Money Show’s Bruce Whitfield interviews small business guru Pavlo Phitidis, founder of Aurik Business Accelerator.

How this year’s Budget will affect your pocket

How this year’s Budget will affect your pocket

Warren Ingram (Galileo Capital Personal Financial Advisor) critiques this year's budget.

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

The Money Show’s Bruce Whitfield interviews Stephen van Coller, CEO at EOH Holdings.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

SABMiller overtakes Naspers to become the largest company in Africa

SABMiller overtakes Naspers to become the largest company in Africa

Anheuser-Busch InBev’s intention to acquire its rival SABMiller is causing a surge in latter’s share price.

Popular articles
[WATCH] Refentse Morake continues breaking cultural barriers through his music

[WATCH] Refentse Morake continues breaking cultural barriers through his music

The singer who says he's 'on the border of being Afrikaans and being African' joined Azania Mosaka for this week's #702Unplugged.

Trouble in the bedroom? Dr Shingai answers men's sex and baby-making questions

Trouble in the bedroom? Dr Shingai answers men's sex and baby-making questions

Urologist and sexual health guru Dr Shingai Mutambirwa fielded several questions from listeners on sexual and reproductive health.

What happens to our bodies if we cut out sugar

What happens to our bodies if we cut out sugar

Naked Scientist Chris Smith explains.

Why did Jussie Smollet fake his own attack? Eusebius and listeners weigh in

Why did Jussie Smollet fake his own attack? Eusebius and listeners weigh in

Eusebius McKaiser facilitates a debate on whether or not American actor Jussie Smollet faked his own attack.

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

[WATCH] SANDF members hilariously mess up a supposedly easy practice run

Khabazela shares tweets and Facebook posts that have gone viral.

[LISTEN] Wife of Vele Investments' Madzonga flatly denies VBS involvement

[LISTEN] Wife of Vele Investments' Madzonga flatly denies VBS involvement

Vele Investments CEO Robert Madzonga's estranged wife Khosi shares her side of the story on the VBS saga.

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

Is EOH corrupt? Is that why Microsoft ran for the hills? Its CEO explains…

The Money Show’s Bruce Whitfield interviews Stephen van Coller, CEO at EOH Holdings.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.