The Managing Director of SABMiller's African division bought a round of shares just one day before the drinks giant announced it has signed a definitive transaction agreement with Anadolu Group and Anadolu Efes.
The agreement allows the firm to form a strategic alliance between the firm's divisions in 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.
Subscribe to 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
Mark Bowman, 45, purchased 963 shares at 2,382.845p each.
Just a few days ago the brewer reported that its financial performance for the final quarter of 2011 had been in line with expectations.
However, the European and North American divisions were noticeably weak, with larger volumes in Europe falling 2% while in the US sales were down 3.3%.
Top Director Buys
Immupharma (IMM)
Director name: Mr Ajay Agrawal
Amount purchased: 62,169 @ 80.00p
Value: £49,735
Immupharma (IMM)
Director name: Dr Franco Di Muzio
Amount purchased: 60,950 @ 81.00p
Value: £49,370
Stobart Group Ltd. (STOB)
Director name: Mr Jesper Kjaedegaard
Amount purchased: 22,000 @ 122.80p
Value: £27,016
Mission Marketing Group (TMMG)
Director name: Mr Dylan Bogg
Amount purchased: 100,000 @ 15.12p
Value: £15,120
Mediterranean Oil & Gas (MOG)
Director name: Mr Miles Donnelly
Amount purchased: 225,000 @ 5.30p
Value: £11,925
NR
-
‘I installed a heat pump in my home – here are five things I’ve learnt’From the size and noise of a heat pump to how much it costs to run one, Ruth Emery reveals what she’s learnt after installing one in her home six months ago
-
3 ways to work out if a stock is good valueThe only thing you can really control in investing is the price you pay for an asset – but how can you tell if you’re getting a good deal when it comes to the price of a stock?
