Heineken turns down SABMiller takeover bid
The Heineken family‚ owners of Dutch brewer Heineken‚ were reported on Sunday, 14 September 2014, to have turned down a takeover bid from SABMiller.
SABMiller is said to have made the offer to help defend itself against a potential bid by Anheuser-Busch InBev (AB InBev)‚ the world's largest brewing company.
SABMiller has grown rapidly through acquisitions to become the world's second-biggest brewer‚ ahead of Heineken and then Carlsberg. The big-four brewers account for about half of the world's beer market.
AB InBev's market value is just shy of R2-trillion‚ while SABMiller is worth R983bn and Heineken is valued at R488bn.
SABMiller declined to comment on Sunday.
Source: Business Day