Shares in top brewer Foster’s Group (FGL.AX) jumped 13 percent on Tuesday after it rejected a A$9.5 billion ($10 billion) takeover offer from global brewing giant SABMiller (SAB.L). (more…)
SABMiller PLC said Tuesday it will pursue a takeover of Foster’s Group Ltd. after the Australian beer maker rejected an initial 9.51 billion Australian dollar (US$9.98 billion) offer from the global brewer. (more…)
ActionAid, a global NGO that tackles poverty, has welcomed the decision by the African Tax Administration Forum to meet this month to discuss SABMiller’s tax profile in the four African countries in which it operates. (more…)
The Brewers Association (BA) shared the news today that the Senate Small Brewers Caucus has been established. The formation of the Caucus was led by Senators Max Baucus (D-Mont.) and Mike Crapo (R-Idaho), who support the role of America’s small and independent brewers as an engine of economic growth in the country. (more…)
Heineken N.V. announced today that in connection with the acquisition of FEMSA Cerveza that was completed on 30 April 2010, it will begin the next phase of repurchasing its own shares up to a maximum value of €300 million. (more…)
Recently, Brazil passed the U.S. on a key gauge for the first time. (more…)
Tax regulators from five African countries plan to meet this month to discuss the tax payments of global brewer SABMiller PLC, the latest sign that authorities on the continent are bolstering efforts to scrutinize outflows. (more…)
Miller Genuine Draft lager will be making its way down south this July, following its success in Scotland over the past few years. (more…)
Miller Brands Ukraine, a large beer producer in Ukraine, has signed a contract with T&D (Trade&Development, Georgia) to supply Sarmat and Zhigulevskoye beer to the Georgian market, according to a company press release. (more…)
Danish brewer Carlsberg (CARLb.CO) expects Russia’s beer market to grow 3-5 percent in the medium term as the economy recovers and drinkers switch to beer from vodka, its CEO said on Thursday. (more…)
