Pursuits
SABMiller Mulls Options for $1.04 Billion Tsogo Sun Stake
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SABMiller Plc, the world’s second-biggest brewer, said it’s considering options for its $1.04 billion stake in hotel and casino operator Tsogo Sun Holdings Ltd. as it reported beer revenue that missed estimates.
The 39.6 percent holding in the Johannesburg-based company is “not considered to be core to the beverage operations of SABMiller,” the maker of Peroni, Grolsch and Castle Lite said today in a statement. There’s no certainty any action will arise from the strategic review, SABMiller said.