SABMiller Plc said Monday that it would sell its stake in South African hotel and gaming group Tsogo Sun Holdings Ltd. for $1.1 billion. The world’s second-largest beer brewer, which produces Grolsch, Peroni and Miller Lite beers, said that cash from the sale would benefit its beverage business development in Africa.
SABMiller turned to Hogan Lovells for legal representation on the deal while Tsogo Sun sought counsel from Magic Circle firm Linklaters and its South African alliance partner Webber Wentzel. Davis Polk & Wardwell provided legal counsel to SABMiller’s joint global coordinators and bookrunners.
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