SABMiller is preparing a $6bn bid for Colombian brewing combine Grupo Empresarial Bavaria, one of the largest drinks companies in South America. Controlled by multi-billionaire Julio Mario Santo Domingo, it is seen as a plum takeover target for European and American multi-nationals. But SABMiller could face fierce competition from Heineken and Anheuser-Busch, who are also courting 80-year-old Domingo. Bavaria is the second largest brewer in South America after Ambev, which was acquired by the former Interbrew last year. The Observer 06/03/05 (Business) page 1