Malaysia. Costly beer next year?

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Carlsberg Malaysia Brewery Bhd doesn’t expect an excise duty hike for the beer industry this year, but warned that it may have to raise product prices next year on the back of skyrocketing raw material costs. (more…)

SABMiller JV to bid for Shaoguan Huoli Beer

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SABMiller-China Resources Enterprise JV, China Resources Snow Breweries (CR Snow), has plans to bid for Shaoguan Huoli Beer Co, a Guangdong-based brewery, in the process of its expansion in the southern province. (more…)

Heineken starts next phase of share repurchasing programme

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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

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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…)