Beer market of Russia 2016: PET goes to draftThe beer market of Russia was warmed up by the hot summer, but the preparation for large volume PET prohibition has already impacted it negatively. The year was successful for Efes, MBC and regional producers; Carlsberg’s positions were virtually stable but AB InBev and Heineken lost a part of market share having focused on the sales profitability. The dynamics of big brands was determined by how much the companies were willing to keep the prices down or by their promotional activity. In this context the economy segment of the beer market and sales of inexpensive draft beer were increasing. The premium segment started shrinking due to license brands migrating to the mainstream segment.
Beer market of Vietnam: “Young tiger”Vietnam is one of the few big beer markets that continue to grow steadily. The beer popularity results from its low price, street consumption culture, and social motives. The outlooks of beer market as well as the Vietnamese economy inspire optimism, though the country is heavily dependent on export of goods. The state regulation can be called liberal, but the key risk for brewers is harbored in intensive rising of excise. Within TOP-4 there are two leaders, Sabeco and Heineken that grow at the fastest rates. The first company effectively employs its capacities, the second one focuses on marketing technologies. Almost 80% of the market belongs to century-old brands, yet the middle class and the youth are shifting their interest toward international premium that is growing taking share from the mainstream.
Analysis of beer market in China (on Russian)
Beer market of Ukraine: big three losing weightIn 2016, fast increase of excises and resulting price spike stood in the way of the beer market stabilization. Most of competition (as well as mass sorts) moved to the economy segment of the market. The biggest losses were incurred by the leading three, especially Obolon, which again experienced pressure after reallocation of Efes market share. However, one should already speak of TOP-4. Group Oasis CIS (PPB) became a strong player and competitor to transnational companies. Besides the net sales of many regional medium breweries look rather good and 16-fold cost reduction wholesale trade license for craft brewers opens up a possibility of rapid growth in 2017.
SABMiller seeks official review of Foster’s accounts
* SABMiller says net debt figures don't meet Australian standards
* Panel to review application to be established on Monday
* SABMiller trying everything it can to keep down price-analyst
Global brewer SABMiller , embroiled in a $10 billion battle to take over Foster's Group , has asked Australia's Takeovers Panel to examine financial statements made by Foster's that it claims are "misleading and deceptive."
SABMiller has made a A$4.90 per share hostile bid for Foster's, Australia's largest brewer, which Foster's board rejected as being too low to be "worth discussing."
Foster's released a statement from the takeover watchdog to the stock exchange on Friday, which said SABMiller had asked the panel to force Foster's to clarify information released in its financial statements.
Analysts said while it was not uncommon for a takeover predator to take issue with comments that a target company makes in relation to the bid, it was more unusual for a suitor to attack its target's accounting methods and profit statements.
"My impression is that they are trying to do everything they can to make sure they don't have to increase their offer price," said Daniel Nelson, an analyst at Constellation Capital Management.
Foster's, the maker of Victoria Bitter, Carlton Draught and Pure Blonde, reported a 9 percent slide in second-half profit on Aug. 23, a rare decline with beer margins falling for the first time in a decade and volumes declining.
In a statement, the Takeovers Panel said SABMiller claimed that Foster's had made "misleading and deceptive" statements in its profit announcement last month.
SABMiller argued there was "no reasonable basis" for several forward-looking statements made in Foster's results presentation, according to the Takeovers Panel.
SABMiller also claimed that the net debt figures published by Foster's did not meet Australian accounting standards.
George Durbridge, acting counsel on the Takeovers Panel, said the body would assemble a panel of experts on Monday to review the application by SABMiller.
If the panel decides to review the merits of SABMiller's claims, a final decision on the case could come within two weeks, he told Reuters.
A spokesman for Foster's said the brewer could make no comments on the claims by SABMiller because the matter was before the Takeovers Panel.
SABMiller, the world's second-largest brewer, took its offer directly to shareholders last month after the Foster's board rejected its initial approach. Shareholders are hoping for an offer above A$5 a share.
SABMiller, which makes Peroni, Grolsch and Miller Lite, has long been seen as the favourite to take over Foster's given the lack of potential rivals and the London-based brewer's desire to have a range of global businesses.
Shares in Foster's ended flat at A$4.86 on Friday, below the A$4.90 offer from SABMiller, but outperforming a broader market down 1.5 percent.
2 Sep. 2011