The IPKat doubts that such an action could fit within the UK definition of passing off, but feels that, if the claims are true, there would be a good argument for branding it unfair competition.
More regal beer here, here, here and here
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Reading the history of SABMiller, Miller's argument on South African ownerage is merely false. Maybe there's not such a thing known as SAB legally and SABMiller (The listed company) is in London, it is more or less the South African Breweries in South Africa. Using this logic, we can say HSBC isn't Hong Konger since it is now UK-based.
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