SABMiller posts 6% year-over-year rise in group sales in the six months to Sept. 30, driven by robust demand in emerging markets; London-based brewer also announces strategic alliance with Anadolu Efes across Turkey, Russia, Central Asia, Middle East
October 19, 2011
– Driven by robust demand in emerging markets, London-based brewer SABMiller posted a 6% year-over-year rise in group sales in the six months to Sept. 30, Dow Jones Newswires reported Oct. 19.
The company also announced a strategic alliance with Anadolu Efes across Turkey, Russia, Central Asia and the Middle East, under which it will transfer to Anadolu its Russian and Ukrainian beer businesses.
Anadolu will also transfer a 24% equity stake to SABMiller via capital increase.
SABMiller benefited from a strong performance in Asia and Africa, helping to offset sluggish growth in more mature markets such as Europe and North America.
The primary source of this article is Dow Jones Newswires, New York, New York, on Oct. 19, 2011.