Diageo Plc (DGE), the world’s largest distiller, agreed to buy Ethiopia’s state-owned Meta Abo Brewery for $225 million after outbidding SABMiller Plc (SAB) and Heineken NV. (HEIA) (more…)
Nigerian Breweries Plc (NB), the country’s biggest beer-maker by market value, said it acquired Sona Systems Associates Business Management Ltd. and Life Breweries Co. (more…)
As SABMiller mulls over the many ways it can extract hundreds of millions of dollars in efficiencies from the Foster’s Group – including overhauling its Victorian and NSW breweries – it will have one eye focused on this week’s tax summit to see if a proposal to introduce a flat tax on alcohol gets any oxygen. (more…)
Kirin Holdings Co., the Japanese brewer seeking control of Schincariol Participacoes e Representacoes, is offering at least 2 billion reais ($1.08 billion) to buy out minority investors in the Brazilian beer maker, said a person with knowledge of the process. (more…)
Heineken N.V. today announced that the share repurchase programme in connection with the acquisition of FEMSA Cerveza has been completed. (more…)
Australia’s competition watchdog has given the go-ahead to SABMiller’s (SAB.L) $10 billion friendly acquisition of brewer Foster’s Group (FGL.AX) as expected, saying the bid would not lessen competition. (more…)
Bankers say a tie-up could see disposals to get around antitrust issues in the US, SABMiller’s 58% stake in US brewer Miller would have to go (more…)
SABMILLER will work quickly to repair the prickly relationship between Foster’s and its two biggest customers, supermarkets Coles and Woolworths, pushing for a collaborative approach to kick-start stalled growth in the beer category rather than relying on heavy price discounting to drive sales that can prove unprofitable. (more…)
Japan’s Kirin Holdings Co. Ltd. (2503.TO, KNBWY) may offer to buy up minority stakes in its Brazilian unit, Schincariol, as it seeks to end a legal battle with family members, the Valor Economico newspaper reported on Friday. (more…)
SABMiller plc (“SABMiller”) announces that it has agreed with Foster’s Group Limited (“Foster’s”) a recommended cash offer to Foster’s shareholders at A$5.10 per share (see endnote 1), which values Foster’s equity at approximately A$9.9 billion. (more…)
