SABMiller to launch Foster’s bid after skirmish

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* SABMiller prepares to publish formal bid
* 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 (more…)

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…)