You are here

Brewer SABMiller to divest US$1.1b stake

Sale of hotel-casino comes as firm aims to beef up Africa beverage operations

Mr Clark: Says the time is right for SABMiller to exit its investment in gaming and hotels

[LONDON] SABMiller plc said it will sell a US$1.09 billion stake in South African hotel and casino operator Tsogo Sun Holdings Ltd as the world's second-biggest brewer looks to bolster beverage operations in Africa.

Following a review of its 39.6 per cent holding in the Johannesburg-based...

Market voices on: