Philip Morris Companies is expected this week to announce the sale of Miller Brewing Co. to South African Breweries, according to published reports.
“The Milwaukee Journal Sentinel” on Friday reported that London-based South African Breweries is ready to pay $5 billion to become the world’s No. 2 brew house after St. Louis-based Anheuser-Busch. New York City-based Philip Morris would retain a 30-percent stake in Miller, Milwaukee, according to reports.
Miller’s two lead promotion agencies are St. Louis-based Zipatoni and GMR Marketing, New Berlin, WI.
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