Where is the non-alcoholic beer market heading to? Companies and brands. Baltika as a democratic leader. Heineken – how do you shake up the market and shove up the competitors. AB InBev Efes – premium corner. Non-alcoholic import beer. Non-alcoholic beer - Who drinks it? General conclusions. Summer beer. ...
“Catalogue of Russian Beer Producers 2020” includes 1285 businesses ranging from large subsidiaries of international companies to rather small restaurant and craft breweries.This issue has 171 more breweries compared to 2018 (155 business have been excluded and 326 have been included).Starting from 2019, FTS has been publishing data on excise payments by brewers (delayed by 1.5 years), that can be translated into beer equivalent for most of producers.Depending on the volumes, we ranked the brewers that provided information by 6 groups (see pic.). At one end of the production spectrum there are 2/3 of breweries outputting less than 10 thousand decaliters. Their net share amounts to as little as 0.2% of the total beer output volume. On the other end there are 6 federal groups accounting for almost 80%. ...
Dmitry Nekrasov’s Philosophy — on the Past, Present and Future of Ukrainian Brewing IndustryA meeting with Dmitry Nekrasov always turns into a training course: “Introduction to brewing business“. We are talking to a clever “playing trainer“ a person that can be called a godfather of the Ukrainian craft. He has a dozen of successful projects to his name. Dmitry told us about craft beer in Ukraine, on market cycles, on specifity of operating in retail and HoReCa, on union of Ukrainian brewers and certainly, how a brewery of his own, First Dnipro Brewery is doing.
The market of import beer in Russia: review and databasesThe market of import beer is rapidly growing and changing. But while in the past years it was growing due to brands variety, in 2019 major and affordable brands from TOP-10 were developing actively. It seems that the fact of a brand origin from far abroad counties, even if it is not well known but has moderate price and good distribution provides for million liters of sales in the territory of Russia. Among distributors AB InBev Efes was far behind, yet the role of Baltika and suppliers of the second row got more important. The boom of German brands was followed by stagnation of import from other traditional regions (and Belarus) instead the supplies from Mexico, Lithuania and Asian countries grew considerably.
SABMiller to launch Foster’s bid after skirmish
* Foster's shares below SABMiller bid price
* Foster's says SABMiller claim "frivolous and petty"
* SABMiller says pleased has clarity on Foster's debt
* Foster's books deferred tax asset of A$447.5 mln
By Michael Smith and David Jones
SYDNEY/LONDON, Sep 8 (Reuters) - Brewer SABMiller is set to launch its formal takeover for Foster's Group within days after an Australian regulator rejected its claim that Foster's had made misleading statements as part of a hostile A$9.5 billion ($10.1 billion) bid battle.
SABMiller had hoped to rattle Foster's takeover defence by casting doubt on information given at its annual results. The ruling allowed both sides to claim victory as it dismissed doubts over Foster's financial forecasts but did force Foster's to clarify its net debt position.
The Australian Takeovers Panel dismissed SABMiller's claims on Thursday that Foster's had made "misleading and deceptive" forward-looking statements over future sales and earnings growth, but had some concerns over its net debt figure which were allayed by a Foster's clarification.
Both parties accepted the panel's decision and SABMiller is now likely to launch its bid document, which could come as early as next week, at the same cash price of A$4.90 a Foster's share as originally proposed, sources close to the situation said.
"SABMiller is ready to go, so this ruling gives it the green light to formalise its bid as soon as possible at the same price," said one source with knowledge of the situation.
The publication of its bid document will trigger a takeover process which under Australian rules could take as little as seven weeks.
The London-based brewer has been turning more aggressive in its determination not to overpay, while Foster's has rejected SABMiller's approach on the grounds that it undervalues the company. That position was undermined by Foster's shares closing at A$4.85 on Thursday, below SABMiller's cash bid of A$4.90.
Foster's had dismissed the claims by its suitor, which related to statements Foster's had made in its annual results late last month. "It was pretty clearly frivolous and petty," a Foster's spokesman said of the application to the panel.
SABMiller welcomed the clarification: "SABMiller accepts the panel's determination and is pleased that Foster's has now clarified its debt position," the group said. Its shares were off 0.1 percent at 22.24 pounds by 1210 GMT.
Foster's released details of its submission to the panel, saying it had booked a deferred tax asset of A$447.5 million ($474 million) which reflected its success in a tax case, which helped clarify its debt figure.
"The panel concluded there was no reasonable prospect that it would make a declaration of unacceptable circumstances in relation to the financial objectives statements," the panel said in a statement released to the Australian Securities Exchange.
SABMiller, the world's second-largest brewer and home to Grolsch, Miller Lite and Peroni, first approached Australia's largest brewer in June and turned hostile on Aug 17, taking its offer directly to Foster's shareholders, and now has two calendar months from that date to submit a formal offer document.
Foster's, the maker of Victoria Bitter, Carlton Draught and Pure Blonde, reported a 9 percent slide in second-half profit on Aug 23, in a rare decline that showed beer margins falling for the first time in a decade and lower volumes.
Foster's has sold off virtually all its overseas operations to be largely an Australian brewer with a 50 percent share of its domestic market, where it earns some of the best margins in the developed world in a near duopoly with Kirin-owned Lion Nathan.
Once SABMiller launches its official bid it must lodge its offer document with the Australian Securities and Investment Commission (ASIC), which can take a maximum of 15 days to approve the bid, and then allow SABMiller to post it to Foster's shareholders.
The bidder is allowed three to four days to post the document and once the postage is completed, the minimum period the offer has to stay open is for one calendar month after the final posting date, although this can be extended. ($1 = 0.944 Australian Dollars)
9 Сен. 2011