Heineken starts next phase of share repurchasing programme

  • Reading time:1 min(s) read

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 €225 million. (more…)

Foster’s loses ground to rivals in packaged beer segment

  • Reading time:3 min(s) read

FOSTER’S continued to surrender market share in the crucial packaged beer segment in the July quarter, a development that is likely to strengthen suitor SABMiller’s hand in the $9.5 billion takeover battle between the two companies.
As Foster’s robustly defended its reporting practices before the Takeovers Panel yesterday, figures from market researcher Neilsen showed that CUB’s share of the local packaged beer market declined over the three months to the end of July. (more…)

SABMiller seeks official review of Foster’s accounts

  • Reading time:3 min(s) read

* Claims statements by Foster’s were “misleading and deceptive”
* 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 (more…)

Belgian beer weekend fetes specialty brews

  • Reading time:3 min(s) read

Microbreweries have rapidly gained popularity in recent years across the globe, but Belgium has been producing specialty and strong beers for centuries. (more…)