SABMiller enters final stages of tie-up with Anadolu Efes
Drinks giant SABMiller has signed the definitive transaction agreement with Anadolu Group and Anadolu Efes to form a strategic alliance for Turkey, Russia, the Commonwealth of Independent States (CIS), Central Asia and the Middle East.
Drinks giant SABMiller has signed the definitive transaction agreement with Anadolu Group and Anadolu Efes to form a strategic alliance for Turkey, Russia, the Commonwealth of Independent States (CIS), Central Asia and the Middle East.
The terms of the agreement, announced back in October, mean that SABMiller will now transfer its Russian and Ukranian beer divisions (valued at $1.9bn) to Anadolu Efes, the fifth-largest European brewer and the world's sixth-largest Coca-Cola bottler. In return, SABMiller will hold a 24% equity stake in Andolu Efes.
The combined Russian businesses are expected to have a number-two position (in value share terms) in the beer market and yield cost synergies of at least $120m per year as well as additional revenues synergies.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"Both SABMiller and Anadolu Efes have proved to be successful operators in diverse and challenging emerging beer markets and this strategic alliance will allow both our groups to benefit from each other's expertise, and the combination of our resources," said SABMiller's Chief Executive Graham Mackay (speaking in October).
"Anadolu Efes's leading position in beer and soft drinks in the Turkish market and an alliance for further growth and acquisitions in the CIS and Middle East are highly attractive. The prospects for these markets are excellent," he said.
Control of Andolu Efes will still remain in the hands of the Anadolu Group, while SABMiller will have customary minority protection rights. "Completion of the transaction is subject to receipt of the necessary regulatory approvals," SABMiller announced this morning.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Two thirds of easy access savings accounts come with restrictions – can you access your savings in an emergency?
Out of the top 30 easy access savings on the market, 22 come with some sort of restriction on how fast you can access your money, according to new research.
-
Most popular London boroughs: Full list of in-demand places to move to
A deluge of people move to or within Britain’s capital each year – but which area is the most popular? We look at the most in-demand London boroughs in 2025.