Japan’s Asahi Group Holdings said Wednesday it has agreed to acquire some operations from U.K.-based brewer SABMiller in a deal that could smooth the way for a much larger transaction between SABMiller and Belgium-based Anheuser-Busch InBev.
Asahi Group Holdings’ move into Europe shows how eager Japanese drinks groups are to expand beyond a shrinking domestic market.
Japan’s Asahi Group Holdings is diving into Europe in hopes of instantly enlarging its presence in an ever-consolidating global beer market. The purveyor of Super Dry has offered to buy not one but four brewers and beer distributors owned by … Continue reading
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Asahi Group Holdings is offering a little over 400 billion yen ($3.48 billion) to purchase two European beer brands from SABMiller, proposing the biggest-ever overseas acquisition by a Japanese beer company.
Asahi Group Holdings Ltd., the Japanese brewer of Super Dry, forecast 2016 profit that trails analyst estimates as a slowing economy weighs on domestic sales.
Asahi Group Holdings has decided to promote the head of its beer subsidiary to president of the parent, The Nikkei has learned.
Asahi and Thai Beverage, the maker of Chang beer, were notified this week that they had qualified for the next round of bidding in Anheuser-Busch InBev’s €2.5 billion auction of the Peroni, Grolsch and Meantime beer brands.
Suntory Holdings Ltd., the nation’s third-ranked beer maker by market share, wants to focus on boosting profits at its Beam spirits unit and upgrading its own beers rather than on buying SABMiller PLC’s Peroni and Grolsch brands in Europe.
Top Japanese brewer Asahi Group Holdings is taking a gamble amid a new wave of global consolidation. Asahi’s headquarters in Tokyo is shown in this photo taken in November 2015.