Quilmes beer and malt company, part of the world’s largest brewer Anheuser-Busch InBev (ABI.BR), will invest 3 billion pesos ($703 million) in Argentina between 2011 and 2015, the government said on Wednesday. (more…)
Failing to acquire two state owned breweries, Harar Brewery and Bedele Brewery, and losing them to its archrival Heineken, BGI Ethiopia has secured a deal its managers believe will help them conquer the northern market. (more…)
Diageo Plc (DGE), the maker of Guinness stout and the world’s largest liquor company, dropped plans to bid for Primo Schincariol Industria de Cervejas & Refrigerantes SA of Brazil, two people familiar with the matter said. (more…)
Raisio plc has sold its malt business to Viking Malt Ltd, the largest malt manufacturer in the Nordic Countries. (more…)
SABMiller Plc (SAB), whose A$9.5 billion ($10.2 billion) offer for Foster’s Group Ltd. (FGL) faces resistance from the Australian brewer, may find its ability to pay more hampered by a paucity of cost savings. (more…)
Foster’s Group Ltd. (FGL), Australia’s biggest brewer, hasn’t been in contact with SABMiller Plc (SAB) since rejecting a A$9.5 billion ($10 billion) takeover offer from the maker of Peroni and Grolsch last week. (more…)
On 20 June 2011, Baltika Breweries completed accepting registered share buyback applications. (more…)
SABMiller Plc (SAB)’s A$9.5 billion ($9.9 billion) takeover offer of Foster’s Group Ltd. (FGL) would benefit both companies’ earnings and help them cut costs if a deal is completed, according to Moody’s Investors Service. (more…)
THE board of Foster’s Group awaits the next move in the multibillion dollar takeover battle for the country’s biggest beer company, two private equity operators are hoping some of the takeover dust comes their way as they crank up the search for a strategic partner for alcopop group Independent Liquor. (more…)
SABMiller’s bid for Foster’s Group is expected to take months to resolve, in the absence of any other bidders emerging, as Foster’s tries to get the world no.2 brewer to sweeten its $10 billion offer, investors and analysts said. (more…)
