SABMiller mulls sale of Tsongo

Oliver Smith
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SABMILLER, the FTSE 100 brewer, is considering selling its 39.6 per cent stake in Tsogo Sun Holdings, the South African casino and hotel firm.

The London-listed brewer behind beers such as Miller Lite and Peroni saw its shares slip 2.3 per cent after it said its stake in Tsogo Sun, worth around $1.04bn (£622m), is not considered its core business.

The brewer also reported a three per cent rise in full-year revenue yesterday, helped by sales increases in both beer and soft drinks.