Pursuits
Beer Mega-Merger Could Boost Expansion for Diageo in Africa
- Guinness maker seeks to get 20 percent of sales from continent
- AB InBev-SABMiller deal may also spur acquisitions for others
This article is for subscribers only.
Diageo Plc, the maker of Guinness beer, said it may consider buying brands that could be shed during Anheuser-Busch InBev NV’s $107 billion acquisition of SABMiller Plc, with a particular focus on Africa.
“If assets become available in Africa, we would be interested,” Diageo Chief Executive Officer Ivan Menezes said Wednesday at a media event in New York. If not, the mega-merger will have little impact on the company, he said.