Friday, 20 February 2015
One more thing on SAB Miller.
This week I have been on the receiving end of some pretty spiky banter from rival hacks, analysts and other market practitioners following my piece on 3G and SAB Miller in the Mail on Sunday. In case you didn't see it, here is the link to that piece:
Anyway, something that I have been thinking about but wasn't able to include in my original piece was/is the implications of the Santo Domingo family investing in 3G's new fund.
The Santo Domingo family is one of Colombia's richest families and became the second largest shareholder in SAB Miller after the FTSE 100 drinks giant bought Latin American brewer Grupo Empresarial Bavaria for $7.8 billion in 2005.
According to the venerable Wall Street Journal, the Santo Domingo family has just stumped a load of cash for 3G's next deal. Here is a link to WSJ piece published in January claiming this is the case:
Something to ruminate on this weekend, I guess...