World: French Castel Group seen as AB InBevs next major target
Evercore ISI suggests Anheuser-Busch InBev's next large target may be French beverage giant Castel Group, instead of a 3G-inspired play for Coca-Cola or PepsiCo, Seeking Alpha reported on June 6.
The investment firm sketches out a valuation of roughly $20 bln to $25 bln for Castel in a takeover scenario.
Castel, which is the largest wine producer in Europe, is still a family-owned business, although AB InBev inherited a 22% stake through its acquisition of SABMiller.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .