SABMiller PLC (SAB.L) Key Developments | Reuters.com
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SABMiller PLC (SAB.L)

SAB.L on London Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Fitch downgrades Molson Coors to 'BBB-'; outlook stable
Friday, 24 Jun 2016 01:59pm EDT 

Fitch: Fitch Downgrades Molson Coors To 'BBB'; outlook stable . 'BBB-' rating reflects confidence regarding Molson Coors' commitment, expected de-leveraging path during next 3 years after transaction close .Downgrade reflects expectation that leverage from molson coors acquisition of Sabmiller's stake in MillerCoors to be towards mid-3x range by 2019.  Full Article

S.Africa's Competition Tribunal sets date SABMiller deal hearing
Tuesday, 7 Jun 2016 07:34am EDT 

S.Africa's Competition Tribunal : INBev/SABMiller matter set down for hearing by Tribunal on 22,23,24 June . Some parties have indicated they may intervene in this matter . It will only be clear which parties are intervening by June 15, when they make their submissions. Further company coverage: [ABI.BR] [SAB.L].  Full Article

S.Africa's Competition Tribunal panel on SABMiller deal being constituted
Tuesday, 7 Jun 2016 05:29am EDT 

South Africa's Competition Tribunal : Asks till end of day for final dates . Two proposed - inbev/sabmiller case . Inbev matter panel is still being constituted; initial dates are original dates; case is being expedited. Further company coverage: [ABI.BR] [SAB.L].  Full Article

AB InBev, Starbucks to partner on tea distribution in the U.S- WSJ
Thursday, 2 Jun 2016 03:35pm EDT 

: AB InBev, Starbucks to partner on tea distribution in the U.S -WSJ, citing sources Source (http://on.wsj.com/1XlDilF) Further company coverage: [ABI.BR,SBUX.O] (Bengaluru Newsroom) (((+91 80 6749-1130; within U.S. +1 646 223 8780);)).  Full Article

U.S. Justice Department is close to approving AB InBev-Sabmiller deal - Bloomberg
Wednesday, 1 Jun 2016 12:15pm EDT 

: U.S. Justice Department is close to approving AB InBev-Sabmiller deal - Bloomberg, citing sources .U.S. clearance of AB Inbev-Sabmiller deal is on track for later this month - Bloomberg, citing sources.  Full Article

SABMiller says S.Africa's Competition Commission has recommended Ab Inbev deal with conditions
Wednesday, 1 Jun 2016 01:06am EDT 

SABMiller Plc : Competition Commission of South Africa makes recommendation to the Competition Tribunal . Competition Commission Of South Africa has completed its investigation and recommended to competition tribunal that Ab Inbev's proposed combination with SABmiller be approved with conditions . Next and final stage of merger consideration process in South Africa is for Competition Tribunal to consider proposed combination and make its clearance decision . Has been informed by Anheuser-Busch Inbev SA/NV ("Ab Inbev") that Competition Commission of South Africa has completed its investigation .Recommendation from Competition Commission of South Africa represents an important milestone in process of securing regulatory approval in South Africa.  Full Article

AB InBev says South Africa's Reserve Bank grants exchange control approval for SAB deal
Wednesday, 25 May 2016 01:20pm EDT 

Anheuser Busch Inbev SA :South African Reserve Bank grants exchange control approval for proposed combination between AB InBev and SABMiller.  Full Article

Anheuser Busch InBev says welcomes EU clearance for SABMiller deal
Tuesday, 24 May 2016 12:30pm EDT 

Anheuser Busch InBev SA : Anheuser-Busch InBev welcomes clearance in EU . AB InBev has now obtained approval in 14 jurisdictions. . "With this clearance, we remain firmly on track for a closing in second half of 2016" - CEO of AB InBev. .In remaining jurisdictions where regulatory clearance is still pending, AB InBev will continue to engage proactively with relevant authorities.  Full Article

SABMiller FY revenue down 8 pct
Wednesday, 18 May 2016 02:30am EDT 

Sabmiller Plc : FY group net producer revenue (NPR) grew by 5%, with group npr per hl growth of 3%. . FY group beverage volumes increased by 2%, with lager volumes up 1% and soft drinks volumes up 6%. . Adjusted constant currency FY EPS grew by 12% . FY profit before tax $4.07 billion versus $4.83 billion a year ago . FY EBITA $5.81 billion versus $6.37 billion a year ago . Expect to deliver good underlying performance in year ahead . Expects that co will "continue to face foreign exchange volatility" . Final dividend 0.9375 usdper share . Total dividend up 8 percent to 1.22 USD per share .FY adjusted basic EPS fell 6 percent to 2.241 USD.  Full Article

SABMiller says merger parties welcome SA'S Competition Tribunal decision
Tuesday, 10 May 2016 11:40am EDT 

SABMiller Plc : Coca-Cola Beverages Africa merger parties welcome competition tribunal approval for formation of CCBA . Parties said decision is an endorsement that merger will support business agenda within broader South African political and social context .Merger parties expect transaction to complete as soon as practicable..  Full Article

South Africa's union threatens to strike over SABMiller scheme

* S.African authorities have given conditional approval to deal