SABMiller’s Fosters bid loan totals $12.5 billion
Global brewer SABMiller is raising a $12.5 billion syndicated loan to back its hostile bid for Fosters , banking sources said on Thursday. (more…)
Asahi buys NZ firm for $1.3 bln in pre-mixed drinks push
* To buy 100 pct of Independent Liquor from private equity firms
* Asahi aims to hike overseas sales to 2-2.5 trln yen by 2015
* Japanese companies compete with foreign firms for deals
* Asahi president indicates more overseas deals likely
* Asahi shares rise 1.7 pct in broader market down 1.3 pct (Adds details) (more…)
China. SABMiller Joint Venture In Pact To Invest In Guizhou Moutai Beer
SABMiller PLC (SAB.LN), the brewer, Thursday announced that China Resources Snow Breweries Limited, or CR Snow, its joint venture with China Resources Enterprise, has entered into an agreement with China Kweichow Moutai Distillery Co. (more…)
Why Asahi Isn’t Buying Foster’s
With SABMiller PLC taking the gloves off in a $10 billion hostile offer to buy Australia’s Foster’s Group Ltd., it’s tempting to imagine what might have been for Japan’s Asahi Group Holdings Ltd. (more…)
SABMiller Takes $10 Billion Foster’s Offer Hostile After Board Rejection
SABMiller Plc (SAB), the world’s second- largest brewer by volume, will take its A$9.5 billion ($10 billion) bid for Foster’s Group Ltd. (FGL) directly to shareholders, going hostile after the board rejected the price as too low. (more…)
SABMiller Seen Winning Foster’s With 6% Boost
While SABMiller Plc (SAB)’s A$4.90 offer for Foster’s Group Ltd. (FGL) is unlikely to win over shareholders, the Peroni maker may not have to go as high as the market anticipated two months ago to win Australia’s biggest brewer. (more…)
Asahi Said to Be Near Agreement to Buy Independent Liquor for $1.2 Billion
Asahi Group Holdings Ltd., Japan’s largest brewer by volume, is close to an agreement to buy New Zealand’s Independent Liquor for about NZ$1.5 billion ($1.2 billion), two people with knowledge of the matter said. (more…)
Foster’s CEO defends plans to grow market share
Foster’s Chief Executive John Pollaers on Friday defended his plans to grow market share in a declining Australian beer market, as the brewer fends off a $10.4 billion bid by world No.2 SABMiller . (more…)
US. Craft Brewers Alliance Reports Second Quarter 2011 Results
Craft Brewers reports net sales increase of 11 percent for the second quarter of 2011; Shipments up 12 percent from the second quarter of 2010 (more…)
Heineken completes acquisitions of two breweries in Ethiopia
Heineken N.V. today announced that it has completed the acquisitions of the Bedele and Harar breweries from the government of the Federal Democratic Republic of Ethiopia for US$85 million and US$78 million, respectively. These transactions follow Heineken’s participation in the public auctions for the two breweries. (more…)