A head for business.SABMiller SABMiller (South African Breweries - Miller) (LSE: SAB, JSE: SAB,Official site) is one of the world’s largest brewers, with brewing interests and distribution agreements in over 60 countries across six continents. , a global superbrewer based in the U.K., bought 71.8% and control of Colombian beer maker Bavaria in a merger deal worth US$7.8 billion. SABMiller will carry out a $3.5 billion share swap with Grupo Santo Domingo Santo Domingo, pueblo, United States Santo Domingo (sän'tə dəmĭng`gō), pueblo (1990 pop. 2,866), Sandoval co., N central N.Mex., on the Rio Grande; founded c.1700 after earlier pueblos were destroyed by floods. , which owns the stake in Bavaria, as well as spend $2.1 billion for outstanding minority shares trading in Colombia and Peru. Santo Domingo will end up with 15.1% of SABMiller and place two executives on the U.K. brewer's board; two Bavaria executives will oversee Latin American operations for the group. SABMiller, which brews Miller, Castle Lager and Peroni, now controls the second-largest brewer in South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. , including the brands Aguila, Cristal, Pilsener and Atlas Atlas, in Greek mythology Atlas (ăt`ləs), in Greek mythology, a Titan; son of Iapetus and Clymene and the brother of Prometheus. . The combined business will produce 175 hectoliters of beer annually. The transaction makes SABMiller the leading brewer on five continents. [ILLUSTRATION OMITTED] |
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