Heineken N.V. (‘Heineken’) today announced that Heineken International B.V. (‘HIBV’) has completed the acquisition of Fraser and Neave, Limited’s (‘F&N’) direct and indirect interests in Asia Pacific Breweries Limited (‘APB’) and F&N’s interest in the non-APB assets held by Asia Pacific Investment Private Limited (‘APIPL’) (the ‘Transaction’). (more…)
Rumblings continue around Anheuser-Busch InBev’s planned buyout of Mexican brewer Grupo Modelo, with some saying the price to make the deal to go through might be a very large brewery. (more…)
SABMiller plc (LN:SAB; OTC:SABMRY) and Molson Coors Brewing Company (NYSE: TAP; TSX: TPX) reported that MillerCoors third quarter underlying net income increased 13.5 percent to $325.6 million versus prior year driven by positive pricing, favorable brand mix and continued strong cost management. Coors Light continued to grow volume and market share, and Tenth and Blake Beer Company continued to grow ahead of the overall craft segment. (more…)
Danish brewer Carlsberg has been given the all clear by Vietnamese authorities to increase its stake in Vietnamese brewer Habeco to 30 percent, a company spokesman told Reuters on Monday. (more…)
— Carlsberg could raise its stake to Hanoi Beer Alcohol & Beverage Joint Stock Corp. to 30%
— State-controlled Habeco says Danish brewer to acquire 13% stake
— Carlsberg to pay 50,015 dong per share (more…)
Craft Brew Alliance, Inc. (“CBA”) (Nasdaq: BREW), an independent craft brewing company, reported net sales of $127.4 million and net income of $2.2 million for the nine months ended September 30, 2012, as compared with net sales of $114.3 million and net income of $9.4 million a year ago, which included an after-tax gain of $6.5 million from the sale of our minority interest in Fulton Street Brewery, LLC (“FSB”). Earnings per share (“EPS”) on a fully diluted basis for the year-to-date period were $0.12 as compared with $0.50 for the same period last year, which included $0.34 from the FSB sale. (more…)
Carlsberg India, a subsidiary of Danish brewing company Carlsberg, has acquired its sixth brewery in Dharuhera, Haryana. (more…)
• Contesting summons served by DFH and initiates arbitration proceedings against NAC for various breaches of Joint Venture agreement
• China business remains on track with international premium strategy driving organic growth (more…)
Japanese brewer Asahi is finalising the purchase of eastern European brewer StarBev from private equity owner CVC Capital Partners CVC.UL in a deal likely to be worth around $3 billion (1 billion pounds), people familiar with the matter said. (more…)
The Competition Commission of India (CCI) has cleared the proposed integration of Scottish & Newcastle India (SNIPL), owned by Heineken Group, with Vijay Mallya-led liquor business United Breweries (UBL). (more…)
