Kulczyk will not sell SABMiller shares

Kulczyk Investments announced that it will not sell the shares of brewery giant SABMiller for the price offered by its main competitor Anheuser-Busch InBev (AB InBev), according to Puls Biznesu. Kulczyk Investments fully supported the decision of the brewery company to reject the takeover cash offer of £42.15 per share and a partial share alternative from AB InBev's. The SABMiller board announced that the price is "very substantially undervaluing” the brewer. Kulczyk Investments is the fifth biggest shareholder of SABMiller in the world, having nearly a 3 percent stake in the company. Should the company sell the shares, it would earn around PLN 11.5 billion. On Monday afternoon, AB InBev raised its proposed takeover offer for SABMiller to £43.50 a share, according to those close to the bid quoted by the Financial Times.