World: French Castel Group seen as AB InBev’s 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.
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