SABMiller CEO declines comment on Modelo
NEW YORK (Reuters) - SABMiller (SAB.L) chief executive Graham Mackay on Monday declined comment on whether the brewer has approached Mexican beermaker Grupo Model (GMODELOC.MX) about a possible merger.
Sources told Reuters last week that SABMiller, the world's largest brewer, had held informal discussions with Grupo Modelo and InBev INTB.BR to explore options, including a merger of Modelo and SABMiller.
(Reporting by Brad Dorfman, editing by Phil Berlowitz)
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Credit headwind
News headlines speak of recovery, but financing is still a big problem in Germany. The dearth of credit to tide firms over is frustrating policymakers, who are blaming reluctant banks and there is little agreement on how best to increase lending flows. Full Article

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