SABMiller shows interest in acquiring Coors
SABMiller shows interest in acquiring Coors
SABMiller shows interest in acquiring Coors
SABMiller
Norman Adami, president of SABMiller's
Adami said SABMiller would do 'everything reasonable' to improve its position in the
'Should they make themselves available ... clearly we would look at everything out there,' he said.
He added: 'Coors is a great company with a great portfolio and a great management team.'
Miller Brewing, which has struggled recently in the
SABMiller has outlined plans to turn around the division's performance after it recorded a 17 pct decline in full-year EBITDA to 375 mln usd earlier this month.
Adami said the group is confident it can achieve low-single to mid-single digit growth for flagship Miller Lite as it looks to 'stoke' the brand and play up its low-carb credentials.
Miller president and
'We believe we are in a much better position to manage the cost structure this year than last year,' he said.
Long also indicated Miller's Project Unicorn cost saving plan, which focuses on manufacturing, asset care initiatives, procurement and freight, will deliver 120 mln usd in savings in full-years 2008-10.
'We're off to a good start and are confident we are going to deliver on savings targets,' he said.
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