SABMiller BEE deal okayed

GLOBAL brewing giant SABMiller said yesterday that the high court of Justice in England and Wales has sanctioned the Scheme of Arrangement to give effect to the group's proposed broad-based BEE transaction in South Africa.

GLOBAL brewing giant SABMiller said yesterday that the high court of Justice in England and Wales has sanctioned the Scheme of Arrangement to give effect to the group's proposed broad-based BEE transaction in South Africa.

Under the transaction, new shares in the company's local subsidiary, SAB, will be allocated to three participant groups. - I-Net Bridge

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