SABMiller new recruit buys first round of shares

Lesley Knox, a non-executive director at SABMiller, the multi-national lager brewing company, has snapped up £63,225-worth of shares in the firm.

Knox, 58, is a new recruit to SABMiller, and is also the chairwoman of Alliance Trust and the Grosvenor Group.

Earlier today, the company announced that it has won regulatory approval for its £6.5bn takeover of Foster's.

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In return for the thumbs up from the Australian Federal Treasurer, SABMiller says it has agreed to keep the management of Foster's in Australia.

SABMiller now expects the transaction to complete before the end of 2011 subject to a shareholder vote in December.

Despite a turbulent year, the firm's share price is at the same level it was a year ago, having gained 0.54% on its share price.

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