Australia watchdog blocks Asahi’s P&N buy

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Australia’s competition watchdog blocked Japanese group Asahi Breweries’ A$364 million acquisition of P&N Beverages on concerns the deal will remove an affective competitor from the soft drinks market. (more…)

Asahi drops out of Foster’s beer race

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Japanese beverage giant Asahi Breweries has taken itself out of the running to buy Foster’s beer arm in the lead up to the historic $11 billion demerger of the Australian brewer. (more…)