The “under siege” board at Foster’s Group must divulge the potential uplifts in profit to be achieved by separating its beer and wine businesses, in the expected formalisation of its demerger plans tomorrow, according to analysts. (more…)
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…)
It is shaping up to be one of the final chances to grab a beer group of any scale. Foster’s is preparing to split itself into two, triggering a race for both its wine and beer divisions. (more…)
Japan’s Asahi Breweries (2502.T) has no interest in buying Australia’s Foster’s Group (FGL.AX) at this time (more…)
As the drinks business reported this week, SABMiller is said to have cleared corporate obstacles that might prevent it from bidding for Foster’s, Australia’s drinks giant, whose shares have put on 5% this week. But is such a bid likely? The jury is out. (more…)
SABMiller moving closer to Foster’s Group beer bid – report
Foster’s Group’s share price has spiked following fresh reports that SABMiller is working on a takeover offer for its Australian beer business, Carlton & United Breweries. (more…)
