Foster’s Rejects SABMiller Bid

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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…)

African tax forum dissects SABMiller

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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…)

US. Senate Small Brewers Caucus Established

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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 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 €300 million. (more…)

SABMiller Under Scrutiny

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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…)

Carlsberg sees Russia beer market up 3-5 percent

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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…)

Heineken, Bavaria win cuts in EU cartel fines

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* Court cuts Heineken fine to 198 mln euros from 219.3 mln
* Bavaria cartel fine cut to 20.7 mln from 22.85 mln
* Court: EU regulator failed to prove illegal coordination
* Fines were for fixing Dutch beer prices from 1996 to 1999 (more…)