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Heineken turns down SABMiller takeover bid

By Nick Hedley

15 Sep 2014

The Heineken family‚ owners of Dutch brewer Heineken‚ were reported on Sunday, 14 September 2014, to have turned down a takeover bid from SABMiller.

Heineken turns down SABMiller takeover bid

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

Source: I-Net Bridge

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