SABMiller Plc Shares Gained Following the Acquisition of UK Craft Brewer Meantime

sabThe leading brewing company worldwide, SABMiller, recently acquired Meantime Brewing Company for a sum that was not disclosed. This purchase gave SABMiller a firm footing in the rapidly growing craft beer market. Under the leadership of Nick Miller, the company reported that it would increase sales in the industry and even explore the exportation opportunities within the European markets. Since its establishment in 1999, Meantime has been a successful company, producing an array of successful beer brands in the country. This is according to SABMiller.

The acquisition of Meantime by SABMiller includes their retail sales as well as the brewery shop situated in Greenwich, the Beerbox and Greenwich Union pubs as well as the Brewery Fresh tank beer concept by the company. The acquisition is set to compliment the line up of imported premium lagers by SABMiller. As of 09:01 GMT, the SABMiller Plc was trading at 0.81 percent higher in London. This is an increase of 12.95 percent in a year. The current value of the FTSE 100 brewer is about 58.08 billion pounds.

Recommended Brokers:

 Min. InvestMin. DepositMax. Returns   
iqoption
$1
$10
92%
Gold
Review
FX Advisor
$1
$10
91%
Review
All brokers >>
John Miller
Follow us

John Miller

John Miller is the main author of content here at 7 Binary Options. He’s also the brand’s lead investment consultant. He’s been working for 7 Binary Options since April 2014 and brings a wealth of knowledge and experience to his role. He’s played a crucial part in developing the site and helping it grow. In his role as writer and consultant, John’s keen to help others get ahead in the ever-changing world of binary options and forex trading. He’s always happy to advise others, whether it’s complete beginners learning the ropes or more experienced traders looking for some hints and tips. John certainly knows what he’s talking about. He graduated from California State University in 2008 with a Master’s Degree in Investments and Securities. Since entering the world of work, he’s continued to put his degree to use. He’s spent over a decade working in the investment banking sector and thanks to his foresight, skills and education, he’s in a prime position to offer help to others looking to start investing.