Heineken N.V. announced today that in connection with the acquisition of FEMSA Cerveza that was completed on 30 April 2010, it will begin the next phase of repurchasing its own shares up to a maximum value of €300 million. (more…)
Drinks Americas Holdings, Ltd., , a leading developer and marketer of beverage products, announced that it has entered into a letter of intent with Worldwide Beverage Imports, LLC. , which will result in Worldwide acquiring up to a 49% interest in the Company. Worldwide will acquire approximately 125,000,000 shares of common stock of the Company in exchange for sales and or importing and distribution rights of Worldwide products through a series of licensing agreements between the companies. (more…)
A joint bid for Foster’s by Molson Coors Brewing (TAP) and Mexico’s Grupo Modelo seems unlikely after Modelo executives chose not to put the proposal up for vote at a board meeting on Monday, according to The Wall Street Journal. (more…)
Heineken NV (HEIA)’s drinkmaking and sales joint venture with Diageo Plc (DGE) in South Africa “makes absolute sense” as a selected project to boost growth, Chief Financial Officer Rene Hooft Graafland said today. (more…)
Grupo Modelo SAB de CV (GMODELOC) discussed with its board of directors a proposal to make a joint bid with Molson Coors Brewing Co. (TAP) for Foster’s Group Ltd. (FGL), though didn’t put the plan up for a vote at a meeting this week, said a person with knowledge of the matter. (more…)
Grupo Modelo SAB de CV (GMODELOC), the Mexican brewer of Corona beer, will seek board support for a possible joint bid with Molson Coors Brewing Co. (TAP) for Foster’s Group Ltd. (FGL) at a June 13 meeting in Mexico City, according to people with knowledge of the situation. (more…)
SABMiller has been cheered as a darling of international sin stocks. Stephen Cranston traces how Graham Mackay turned a local brewery into a R400bn global empire (more…)
Anheuser-Busch InBev (ABI.BR: Quote, Profile, Research, Stock Buzz), the world’s largest brewer, is seeking to slash its borrowing cost on an existing $8 billion syndicated loan, banking sources said on Thursday. (more…)
There has been a rumor that Molson Coors Brewing Co. (NYSE:TAP) is eyeing Australia’s largest brewer Foster’s Group Ltd. Molson Coors is to join with Mexico’s Grupo Modelo for coming out with the joint bid offer to takeover Foster. (more…)
East African Breweries Ltd has agreed to buy a 20 percent stake in its Kenyan unit from South Africa’s SABMiller Africa for about 19.53 billion shillings ($225 million), EABL said on Monday. (more…)
