SABMiller Spurning Femsa Means Higher Foster’s Price: Real M&A
SABMiller Plc, which walked away from last year’s biggest beer acquisition, faces the prospect of paying the most ever for Foster’s Group Ltd. as it tries to boost profitability. (more…)
Sapporo May Spend $1.5 Billion for Acquisitions to Expand Outside Japan
Sapporo Holdings Ltd., the Japanese brewer seeking to expand in North America, plans to spend as much as 125 billion yen ($1.5 billion) on acquisitions and partnerships over a four-year period. (more…)
Players manoeuvre with Foster’s in their sights Adele Ferguson
An agreement in principle between SABMiller and Coca-Cola Amatil to dissolve their local beer joint venture pending a takeover bid by SABMiller for Foster’s Group has turned speculation to the next chapter in the bust-up of the country’s biggest beer and wine group. (more…)
SABMiller: Tsogo Sun, Gold Reef Resorts Merger Unconditional
SABMiller PLC (SAB.JO), the brewer which houses premium international beers such as Pilsner Urquell, Peroni Nastro Azzurro, Miller Genuine Draft, and Grolsch, said Friday all conditions precedent relating to the merger of Tsogo Sun, its South African hotels and gaming associate, with Gold Reef Resorts Ltd. have been fulfilled or waived and accordingly, the transaction has become unconditional. (more…)
Kirin to sell Dalian brewery stake to AB Inbev
Kirin Holdings (2503.T) will sell its entire 25 percent stake in Dalian Daxue Brewery to Anheuser-Busch InBev (ABI.BR) (more…)
Foster’s to cast off wine; beer profit disappoints
Foster’s Group (FGL.AX), Australia’s largest brewer, pushed ahead on Tuesday with plans to split its beer and wine businesses, but it risked dampening bidder appetite for either unit by also reporting soft first-half profits. (more…)
Cheers to Pinsents and TLT as they guide Molson Coors brewery deal
Pinsent Masons and TLT Solicitors have been toasting their success after winning mandates on the ?20m sale of Cornwall-based Sharp’s Brewery to Molson Coors. (more…)
Foster’s Group told to justify demerger
The “under siege” board at Foster’s Group must divulge the potential uplifts in profit to be achieved by separating its beer and wine businesses, in the expected formalisation of its demerger plans tomorrow, according to analysts. (more…)
US. Schenck beer distributor sold
A landmark, homegrown Central Florida beer distributorship with 500 employees across the region and a half-century presence in Brevard County will be purchased by the 25th largest privately held company in America, the companies announced on Thursday. (more…)
In the Spotlight – Diageo dangles M&A as results disappoint
Diageo is openly seeking more acquisitions in emerging markets and might even have a pop at Jim Beam, but the bullish talk was not enough to crush investors’ disappointment at the drinks giant’s half-year results. Here, just-drinks examines the market reaction. (more…)