Foster’s May Use Buyback to Fend Off SABMiller

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Chief Executive Officer John Pollaers, three months into the role, may tomorrow announce plans for share buybacks to blunt the appeal of SABMiller Plc (SAB)’s hostile takeover bid as profit drops. (more…)

Asahi buys NZ firm for $1.3 bln in pre-mixed drinks push

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* To buy 100 pct of Independent Liquor from private equity firms
* Asahi aims to hike overseas sales to 2-2.5 trln yen by 2015
* Japanese companies compete with foreign firms for deals
* Asahi president indicates more overseas deals likely
* Asahi shares rise 1.7 pct in broader market down 1.3 pct (Adds details) (more…)

Why Asahi Isn’t Buying Foster’s

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With SABMiller PLC taking the gloves off in a $10 billion hostile offer to buy Australia’s Foster’s Group Ltd., it’s tempting to imagine what might have been for Japan’s Asahi Group Holdings Ltd. (more…)

Carlsberg cuts 2011 outlook on weak Russia

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Danish brewer Carlsberg on Wednesday posted a drop in second-quarter profit and more than halved full-year growth prospects as drinkers in its key Russian market struggled to absorb higher beer prices. (more…)

Greek local breweries looking to secure competitive edge

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The so-called hot market of home consumption has drawn the attention of Greek breweries as the cold market (restaurants and hotels) is expected to shrink even further with the value-added tax increase that is set to come into force on September 1. (more…)