European consumer goods correspondent
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Apr 18, 2012

Nestle near buying Pfizer’s baby formula – sources

LONDON, April 18 (Reuters) – Nestle, the world’s
biggest food group, is closing in on a deal to buy Pfizer’s
infant nutrition business for up to $10 billion to boost
its business in China and extend its lead in the world of
formula milk for babies, sources familiar with the matter said
on Wednesday.

The Swiss group had already been seen as favourite for the
business, and is now set to seal a deal later this month after
outbidding a joint team of Danone and Mead Johnson
in a largely two-horse race.

Apr 16, 2012

AmBev to buy control of Dominican brewer CND

April 16 (Reuters) – Anheuser Busch InBev’s
Brazilian unit AmBev agreed to buy a roughly 51
percent stake in the Dominican Republic-based brewer Cerveceria
Nacional Dominicana (CND) for over $1.2 billion, forming the
biggest beverage company in the Caribbean.

The world’s biggest brewer, with brands like Budweiser and
Stella Artois, said AmBev is paying about $1 billon for a 41.76
percent stake in the maker of Presidente beer from majority
shareholder E. Leon Jimenes, which itself owns 83.5 percent of
CND, the largest brewer in the Dominican Republic.

Apr 5, 2012

Drinks giant Diageo’s Africa growth to accelerate

LONDON (Reuters) – British drinks giant Diageo (DGE.L: Quote, Profile, Research) expects its annual growth in Africa to accelerate beyond the current 15 percent, helped by its zero-duty Senator keg beer in Kenya and a strong rise in Johnnie Walker and Smirnoff spirit sales.

Africa is Diageo’s biggest emerging market region and vies with Latin America to be its fastest-growing, as economic growth accelerates in much of the continent and with its population of one billion set to double by 2050.

Apr 3, 2012

Molson Coors to buy StarBev for 2.1 billion pounds

By David Jones and Victoria Howley

(Reuters) – North American brewer Molson Coors (TAP.N: Quote, Profile, Research) pipped close rival Asahi (2502.T: Quote, Profile, Research) on Tuesday to buy east European brewer StarBev from CVC Capital Partners CVC.UL for 2.65 billion euros (2.1 billion pounds) in what analysts said was a high-priced deal.

The sale process had narrowed to a two-horse race in the last week, but early front runner, Japan’s Asahi, had only been prepared to pay up to $3 billion for the business, people close to the deal said.

Apr 3, 2012

Molson Coors to buy StarBev for $3.5 billion

April 3 (Reuters) – North American brewer Molson Coors
pipped close rival Asahi on Tuesday to buy east
European brewer StarBev from CVC Capital Partners for
2.65 billion euros ($3.5 billion) in what analysts said was a
high-priced deal.

The sale process had narrowed to a two-horse race in the
last week, but early front runner, Japan’s Asahi, had only been
prepared to pay up to $3 billion for the business, people close
to the deal said.

Mar 30, 2012

Asahi closing in on 1 billion pounds StarBev deal – sources

LONDON (Reuters) – Japanese brewer Asahi (2502.T: Quote, Profile, Research) is finalising the purchase of eastern European brewer StarBev from private equity owner CVC Capital Partners CVC.UL in a deal likely to be worth around $3 billion (1 billion pounds), people familiar with the matter said.

The two were hammering out the final details of a deal which could be announced as early as next week after Asahi was left as the only bidder, but the people said that the deadline was flexible and matters could still change.

Mar 30, 2012

Asahi closing in on $3 billion StarBev deal: sources

TOKYO/LONDON (Reuters) – Japanese brewer Asahi (2502.T: Quote, Profile, Research, Stock Buzz) is working to finalise the purchase of eastern European brewer StarBev from private equity owner CVC Capital Partners CVC.UL in a deal likely to be worth around $3 billion, said people familiar with the matter.

The two were hammering out the final details of a deal which could be announced as early as next week after Asahi was left as the only bidder in the race, but the people said that the deadline was flexible and matters could still change.

Mar 29, 2012

Diageo edging towards Cuervo tequila deal-sources

LONDON, March 29 (Reuters) – Diageo is edging
towards a deal with the owner of Jose Cuervo tequila which could
see the British spirits group take a minority stake in the $3
billion-plus valued No.1 tequila brand, people familiar with the
situation said.

Diageo chief executive Paul Walsh has said he wants control,
or a route to control, of a brand owned by the secretive
Beckmann family and a deal for a small stake is anticipated and
could be concluded by the early summer, they added.

Mar 28, 2012

Discontent grows against AB InBev bonuses

BRUSSELS/LONDON, March 28 (Reuters) – Discontent is building
against executive bonuses totaling more than 1 billion euros
($1.33 billion) at Anheuser-Busch InBev triggered when
the brewer cut its huge debt two years ahead of target following
the acquisition of the maker of Budweiser.

Executive options were set on how rapidly the world’s
biggest brewer could cut debt, and with the target now reached
Chief Executive Carlos Brito is in line for a windfall of more
than 100 million euros among 40 AB InBev executives set to
benefit from the scheme.

Mar 27, 2012

AB InBev, Heineken lead race for Dominican brewer-sources

LONDON, March 27 (Reuters) – Two of the world’s biggest
brewers, Anheuser Busch InBev and Heineken,
are in a $1.5 billion race to buy the Dominican Republic’s
biggest brewer Cerveceria Nacional Dominicana (CND), said people
familiar with the matter.

The brewer of Presidente beer which is available in many
other Caribbean islands and also the United States has been put
up for sale by the nation’s biggest company Grupo Leon Jimenes,
which controls the majority of the brewing company.

    • About David

      "I write on and co-ordinate coverage of European consumer goods companies from London. These include food groups such as Nestle, Unilever and Danone, drinks companies like Diageo, Heineken and SABMiller, and cigarette groups British American Tobacco and Imperial Tobacco. I have previously worked in Milan covering Italian financial news and before that specialised on the car industry and the engineering sector, and also have some experience of commodity coverage."
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