Predator keen to revitalise premium beer market
SABMiller would use Foster’s to launch super-premium beer brands in Australia to unlock tens of millions of sales dollars if its bid for the brewer succeeds, industry experts say. (more…)
Glass still half-empty for SABMiller’s move on beer market leader Foster’s
SHAREMARKET traders pushed Foster’s share price up another 1 per cent yesterday in anticipation of a bid bump from London-based SABMiller, but with the shares now 30 cents above the London-based group’s initial $4.90 a share proposal, caution is needed. (more…)
USA: Small and independent brewers account for about 5% of all the beer enjoyed in the US and 50% of brewery jobs
The American Brewers Association (BA) said it shared the news on Monday that the Senate Small Brewers Caucus has been established. The formation of the Caucus was led by two Senators, who support the role of America’s small and independent brewers as “an engine of economic growth in the country”. (more…)
Australia. Small brewers feel threat from Foster’s takeover bid
Another Australian icon is being stalked by foreign predators and small local players are worried they could be caught in the crossfire. (more…)
SABMiller Discipline Tested by Foster Bid
In building SABMiller Plc (SAB) from Africa’s biggest brewer to the world’s second-largest by volume, Chief Executive Officer Graham Mackay has earned a reputation for not paying too much for purchases. His desire to snare Foster’s Group Ltd. (FGL) will test that discipline. (more…)
Modelo’s Oz exports seen at risk from SAB-Foster’s
* SABMiller makes $10.1 bln bid for Foster’s
* Success might mean problems for Modelo’s Corona
* Analysts speculate on Australian distribution (more…)
Heineken shows no appetite for Foster’s counterbid
* Heineken focus outside Europe is on emerging markets
* Prefers to spend money on Mexico, Brazil, Africa or Asia
* No comment on possible counterbid for Foster’s
* Heineken shares up 0.4 percent at 40.93 euros (more…)
Carlsberg: Russia Growth Back on Track
The Russian beer market is showing signs of recovery this year, but brewers are suffering from rising costs following last year’s poor harvest in Russia, which is leading to price increases for consumers, said Carlsberg A/S Chief Executive J?rgen Buhl Rasmussen. (more…)
“Sarmat” and “Zhygulivske” beer brands enter market in Georgia
“Miller Brands Ukraine” company, a SABMiller plc group’s subsidiary production unit, enters into contract with T&D (Trade & Development), the Georgian company, for supplying “Sarmat” and “Zhygulivske” beer brands to the Georgian market in the end of May, 2011. (more…)
Coca-Cola Amatil Amends SABMiller JV, Paves Way For Foster’s Bid
Coca-Cola Amatil (CCL.AU) and SABMiller Plc.(SAB.JO) are amending the terms of their joint venture amid a bid for the South African listed brewer to bid for Australian beer maker Foster’s Group Ltd. (FGL.AU). (more…)