Advertisement
UK markets open in 5 hours 46 minutes

  • NIKKEI 225

    37,301.11
    -778.59 (-2.04%)
     

  • HANG SENG

    16,385.87
    +134.03 (+0.82%)
     

  • CRUDE OIL

    83.75
    +1.02 (+1.23%)
     

  • GOLD FUTURES

    2,398.70
    +0.70 (+0.03%)
     

  • DOW

    37,775.38
    +22.07 (+0.06%)
     

  • Bitcoin GBP

    50,250.04
    +699.39 (+1.41%)
     

  • CMC Crypto 200

    1,299.69
    +414.15 (+46.16%)
     

  • NASDAQ Composite

    15,601.50
    -81.87 (-0.52%)
     

  • UK FTSE All Share

    4,290.02
    +17.00 (+0.40%)
     
Money:

Best mortgage deals of the week

As possibility of multiple interest rate cuts dwindle here's what banks and building societies are offering

Aberdeen Asset Management says will vote against SABMiller, AbInbev deal

Reuters - UK Focus

LONDON, July 29 (Reuters) - Fund manager Aberdeen Asset Management reiterated on Friday it would vote against the takeover of SABMiller (Xetra: BRW1.DE - news) by Belgian rival AB Inbev after the company said it backed the revised terms.

However, it said it welcomed the SAB board's decision to treat leading shareholders Altria and Bevco as a separate class of shareholder.

"This acknowledges the reality of the situation and will help to ensure that the views of the rest of the investor base have due weight," Aberdeen said, although it continued to dislike the deal structure and thought it undervalued SABMiller.

"We would welcome other investors who value good corporate governance and recognise the superior value from continuing to hold SABMiller as a standalone entity voting in a similar fashion." (Reporting by Simon Jessop. Editing by Andrew MacAskill)