Heineken unimpressed by SAB Miller overture

15 September, 2014

The Heineken family has rejected a takeover approach from SAB Miller for the Dutch brewery to which they give their name.

Responding to weekend speculation in the US press, the Heineken company confirmed that it had been approached by SAB Miller regarding a “potential acquisition”.

It added that: “Heineken has consulted with its majority shareholder and concluded that SAB Miller’s proposal is non-actionable”

The Heineken family, which retains a majority interest in the company, said it wanted to “preserve the heritage and identity of Heineken as an independent company”.

The Heineken statement went on: “The Heineken family and Heineken’s management are confident that the company will continue to deliver growth and shareholder value.”

SAB Miller has made no public comment on its approach which was an attempt to add brands such as Heineken, Srongbow, Sol, Amstel and Desperados to its own portfolio including Miller Genuine Draft, Peroni, Pilsner Urquell, Grolsch and Tyskie.

SAB Miller’s London Stock Exchange share price was up 5.3% on Monday morning on news of its growth ambitions.

Heineken shares in Amsterdam rose 1.6%.




Bookmark this


Site Search

COMMENT

Donald Trump: the US has much to learn from history

The reasons Donald Trump should not be left in charge of a shopping trolley, let alone the keys to the White House, are plentiful and well-documented – from his use of the word “bigly” and lamentable business legacy to his dubious post-modern feminist principles, quite astonishing lack of political acumen and, most worrying of all, his bewildering hair. 

Click for more »
Upcoming events

Polls

Is blended Scotch overshadowed by single malt in retailers?

  • Yes
  • No
  • Don't know

Facebook

Twitter