The Business On... Graham Mackay, chief executive, SAB Miller
Friday 02 December 2011
Almost. Shareholders in the beer giant Fosters yesterday approved the sale of their company to SAB, just days after the Australian government signed it off. The deal just needs to be rubber-stamped by the Supreme Court of Victoria and Mr Mackay will have netted his prize.
Indeed. Mr Mackay has been chasing the company since June and was initially forced to make a hostile bid. Foster's board finally recommended SAB's £6.5bn offer in September.
Time for a beer then?
Pick your poison – Peroni, Miller, Grolsch or maybe a Castle?
What about the obvious?
If you mean Fosters itself, SAB isn't actually buying that brand, at least not in Europe, where it is owned by Heineken.
So tell us about Mr Mackay
He's a South African who has been with the company for more than 30 years – right back when it was humble South African Breweries. He masterminded its transformation through a series of aggressive takeovers, as well as the disposal of a diverse range of businesses ranging from hotels to a subsidiary making windscreens.
Any personal insights?
He's not keen on the limelight – or of having his photo taken. Now 62, he shows no signs of wanting to step down, though you'd forgive the man a rest – he has six sons from two marriages and relishes his family life.
He ruffled a few feathers last year by warning SAB was considering moving its London domicile for tax reasons, though that threat seems to have gone away.
- 4 #JeSuisEd: People share photos of themselves eating awkwardly in solidarity with Labour leader
- 5 Women think Irish men are the sexiest, survey finds
In defence of liberal democracy
General Election 2015: Post-election 'shambles' looms as 70 per cent of voters say SNP 'should not be able to veto UK government policies'
The Rothschild Libel: Why has it taken 200 years for an anti-Semitic slur that emerged from the Battle of Waterloo to be dismissed?
General Election 2015: UK will be 'run for the wealthy and powerful' if Tories retain power, Labour warns
General election live: SNP suspends two members for disrupting Labour rally
General Election 2015: Sturgeon claims Scots 'appalled' by Ed Miliband's refusal to work with SNP
£36000 - £45000 per annum: Recruitment Genius: This is an exciting opportunity...
£50000 per annum: Ashdown Group: HR Manager Shared Services - Uxbridge, Stock...
Negotiable: Recruitment Genius: This is an exciting opportunity to join one of...
£18000 - £20000 per annum + Benefits: Ashdown Group: HR Assistant (Events busi...