Wednesday 4 November 2015


Here is a random thought for the day.

Whilst ruminating on the fact that SAB Miller and Anheuser-Busch Inbev asked for a second extension to the Takeover Panel's put-up or shut up deadline, I started to wonder: what was that Veja story in June about 3G weighing a multibillion takeover bid for Diageo all about?

In case you don't recall, Veja got the London market all aflutter after running a piece claiming Jorge Paolo Lemann, Brazil's richest man and one of the founders of 3G, was looking at buying Guinness maker and FTSE 100-listed drinks giant Diageo. Here is the link:   

And here is a Telegraph version of the Veja piece in English:

So, I wonder whether 3G, one of the biggest investors in Anheuser-Busch Inbev, is still interested in Diageo? Or, was this just a smokescreen?

Do get in touch via the usual channels if you have view...

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