Global brewer SABMiller is set to renew its assault on Australian bid target Foster’s later this month with a slightly higher offer likely to succeed after rival bidders fail to appear, bankers and investors. (more…)
Soft drink supplier Coca-Cola Amatil (CCA) says it will re-enter the beer market despite having to give up its beer operations if SABMiller succeeds in taking over Foster’s Group. (more…)
A judge has ordered the temporary suspension of a $2.53 billion deal that would give Japan’s Kirin Holdings Co. a controlling stake in Brazilian beer producer Schincariol. (more…)
Ceres Global Ag Corp’s subsidiary, Riverland Ag Corp, has acquired the Manitowoc grain storage and malting facility from Anheuser?Busch InBev of Leuven, Belgium, effective July 29, 2011. (more…)
Tsingtao Brewery (600600, 0168.HK) failed in its bid to take over Hangzhou Xihu Beer Asahi, as China Resources Breweries yesterday completed the acquisition of the Hangzhou-based brewer, paying 270 million yuan to acquire the remaining 55 percent stake it does not own, reports China Business News. (more…)
On 22 July 2011 the share buyback by Baltika Breweries completed. (more…)
* Danish brewer forms joint venture to expand China business
* It will own 30 pct of new J/V with Chinese partners
* New company will operate 12 breweries in China (Adds details, quote, share price) (more…)
Asahi Group Holdings Ltd. (2502) said Tuesday that it will sell its entire 55% interest in China’s Hangzhou Xihu Beer Asahi Co., or Hangzhou Beer, due to a disagreement with its local joint venture partner.
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Beverage giants Carlsberg and SABMiller have announced plans to expand further in the Chinese beer market. (more…)
* Danish brewer forms joint venture to expand China business
* It will own 30 pct of new J/V with Chinese partners
* New company will operate 12 breweries in China (Adds details, quote, share price) (more…)
