In Beer Deals, the Pause That Refreshes
It would seem the global beer industry knows when to say when. (more…)
Kirin buys control of Brazil’s Schincariol for $2.6 bln
* Kirin pays 198.8 bln yen to get control of Schincariol
* Kirin buys Aleadri-Schinni, with 50.45 pct Schincariol stake
* Brazil No.2 beer maker could boost Kirin’s overseas strategy (Adds details, background)
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Foster’s CEO Says SABMiller Offer Was “So Far From Reality”
The 9.6 billion Australian dollar ($10.54 billion) indicative bid Foster’s Group Ltd. (FGL.AU) received last month from rival brewer SABMiller PLC (SAB.JO) was pitched at a level where it wasn’t worth entering negotiations, the chief executive of the Australian company said Friday. (more…)
Grain values drop in latest CWB PRO for 2011-12
The CWB on Thursday released its latest Pool Return Outlook (PRO) for the 2011-12 crop year. (more…)
Foster’s raises a glass to friendship with renamed Carlton United Brewers
Foster’s Group has relaunched its iconic beer business with a new name and brand identity as part of its renewed focus as a dedicated, world-class brewer and to celebrate beer’s meaning to Australians. Carlton & United Breweries, the business formed in 1907 through the unification of Foster’s Brewing Company, the Victoria Brewery, the Carlton Brewery and three other Melbourne breweries, has been renamed Carlton United Brewers. (more…)
Earnings Preview: Molson Coors
Molson Coors Brewing Co. is expected to update investors on the global beer market and commodity prices when it reports its second-quarter results before the stock markets open Tuesday. (more…)
China Resources to buy domestic retailer for $573 mln
China Resources Enterprise Ltd , the country’s biggest supermarket operator and top beer maker, said on Friday it plans to buy domestic retailer Jiangxi Hongkelong Department Store for 3.69 billion yuan ($573 million). (more…)
Foster’s does not rule out takeover talks with SABMiller
* CEO Pollaers says SABMiller offer was too low to bother with
* Says rejection of SABMiller bid did not mean it would not engage in talks
* Foster’s rebrands beer business, tweaks name
* Shares trading barely above SABMiller’s rejected offer (Adds analyst quotes, details) (more…)
Germans brew more beer for first time since 2007
Warm weather and a strong export market in the first six months of the year have helped German brewers reverse a long decline in beer production. (more…)
Heineken to take competitor to court over a barrel
Dutch brewer Heineken said on Thursday it would take a rival company, headed by one of its former employees, to court over the use of its barrels, in the latest spat between the two companies. (more…)