Heineken rejects takeover proposal from SABMiller
Dutch brewing giant Heineken has rejected a takeover proposal from London brewer SABMiller following considerable press speculation last week.
Heineken has stated that it plans on preserving its “heritage and identity” as an independent company. The Heineken family and Heineken N.V.’s management are confident that the company will continue to deliver growth and shareholder value.
The brewing company, which is just over 50% owned by the Heineken family via Heineken Holding, is the world’s third largest beer producer behind Anheuser-Busch InBev and SABMiller, based on volume.
There has been speculation within the brewing industry for several months that SABMiller has been targeted by the world’s largest brewer AB InBev.
SABMiller’s brands include Miller Genuine Draft, Grolsch and Peroni Nastro Azzurro. The company is also one of the world’s largest bottlers of Coca-Cola drinks.