Sapporo Holdings Limited (the “Company”) hereby announces that the board of directors has resolved at a meeting today and the Company has agreed, to commence discussions with Pokka Corporation (“Pokka”), which became an equity-method affiliate of the Company at the end of September 2009, for the operational integration of the two companies through reorganization in groups. (more…)
Japanese beverage giant Asahi Breweries has taken itself out of the running to buy Foster’s beer arm in the lead up to the historic $11 billion demerger of the Australian brewer. (more…)
Suntory Holdings Ltd. plans to spend up to 200 billion yen on corporate mergers and acquisitions in Southeast Asia as it seeks a bigger slice of the market there, according to Suntory President Nobutada Saji. (more…)
Japan’s Asahi Breweries (2502.T) has no interest in buying Australia’s Foster’s Group (FGL.AX) at this time (more…)
Japanese brewer Sapporo Holdings (2501.T) will spend about 30 billion yen ($367.6 million) to take majority control of unlisted softdrinks maker Pokka Corp, a source with knowledge of the matter said on Saturday. (more…)
SABMiller was in the spotlight as analysts at Credit Suisse suggested that the brewer of Peroni and Grolsch could be targeted by brewing giant, AB Inbev. (more…)
Vina Concha y Toro (NYSE: VCO; Santiago: CONCHATORO) today reported that it has signed a trading agreement with the controller group of Cervezas Kross. The agreement contemplates the acquisition of a minimum of 40% of the beer company. This is the first time that the Chilean winery has taken a participation in a company of a sector not belonging to the wine business and the objective will be to participate actively in the premium segment of the national beer market. (more…)
Group Business Editor, ROTIMI DUROJAIYE, examines the enormous growth potential in the Nigerian beer market, and why the country is fingered as the beer market by some of the world’s brewing giants. Netherlands-based Heineken NV, one of the world’s largest brewers of alcoholic beverages, among others, and parent company of Nigerian Breweries (NB) Plc, recently announced the acquisition of five brewing plants across Nigeria. (more…)
As the drinks business reported this week, SABMiller is said to have cleared corporate obstacles that might prevent it from bidding for Foster’s, Australia’s drinks giant, whose shares have put on 5% this week. But is such a bid likely? The jury is out. (more…)
The decision was made on October 1st, 2010 by the Executive committee of the Lviv City Council (LCC) on the ban of beer retailing after 10 pm, was suspended — until decision making on the merits — by the Halytskyi district court where the prosecutor addressed. However, the LCC Executive committee made the similar decision again on December 20th, 2010. (more…)
