Modelo’s Oz exports seen at risk from SAB-Foster’s
* SABMiller makes $10.1 bln bid for Foster’s
* Success might mean problems for Modelo’s Corona
* Analysts speculate on Australian distribution (more…)
Heineken shows no appetite for Foster’s counterbid
* Heineken focus outside Europe is on emerging markets
* Prefers to spend money on Mexico, Brazil, Africa or Asia
* No comment on possible counterbid for Foster’s
* Heineken shares up 0.4 percent at 40.93 euros (more…)
Carlsberg: Russia Growth Back on Track
The Russian beer market is showing signs of recovery this year, but brewers are suffering from rising costs following last year’s poor harvest in Russia, which is leading to price increases for consumers, said Carlsberg A/S Chief Executive J?rgen Buhl Rasmussen. (more…)
“Sarmat” and “Zhygulivske” beer brands enter market in Georgia
“Miller Brands Ukraine” company, a SABMiller plc group’s subsidiary production unit, enters into contract with T&D (Trade & Development), the Georgian company, for supplying “Sarmat” and “Zhygulivske” beer brands to the Georgian market in the end of May, 2011. (more…)
Coca-Cola Amatil Amends SABMiller JV, Paves Way For Foster’s Bid
Coca-Cola Amatil (CCL.AU) and SABMiller Plc.(SAB.JO) are amending the terms of their joint venture amid a bid for the South African listed brewer to bid for Australian beer maker Foster’s Group Ltd. (FGL.AU). (more…)
Foster’s jumps 13% after rebuffing $10 bln bid from SABMiller
Shares in top brewer Foster’s Group (FGL.AX) jumped 13 percent on Tuesday after it rejected a A$9.5 billion ($10 billion) takeover offer from global brewing giant SABMiller (SAB.L). (more…)
Foster’s Rejects SABMiller Bid
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
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
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
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…)