Has SABMiller dumped 20% of Distell?


Back in February Business Report reported that brewer SABMiller owned 30% of liquor corporate Distell.

Today, Just Drinks reports that SABMiller owns 10% of Distell, quoting a company spokesperson.

SABMiller Plc Has SABMiller dumped 20% of Distell?

So if SABMiller has indeed sold two thirds of its holding in the largest SA liquor corporate to pay for it’s purchase of Foster’s in 2011, the question on everyone’s lips is who bought it? Chinese investors? Johann Rupert? KWV?

PS. An early version of this post said that Drinks Business reports that SABMiller now owns 10% of Distell. Olly Wehring tweets “the story you cite is from @just_drinks not @teamdb. @SABMiller gave us the wrong info! Stake is 30%. Cheers” So it looks like SA will have to wait a while longer for meaningful investment in an SA drinks corporate.