The developed markets in Europe and North America showed

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SAB remains primarily a beer company and its weak beer volumes, sliding 1 percent in the first half, are a problem that looks here to stay. The developed markets in Europe and North America showed little or no growth in sales or profit. The going is especially tough in Australia, where SAB bulked up big time with the 2011 acquisition of Foster It is too soon to conclude the deal is unravelling management says the integration is nearly complete and the promised synergies are coming through.

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