India. Heineken plea for ‘first right’ on United Breweries share sale dismissed
Tribunal says Heineken’s claims can’t be taken up for consideration at this point as the liabilities of the main defendants itself has not been adjudicated (more…)
China Resources Beer to raise HK$9.5b in rights issue, as it preps to buy SABMiller’s 49pc stake in Snow Breweries
China Resources Beer, the country’s biggest beer maker, said Wednesday it was planning to raise HK$9.5 billion in what is likely to be one of the largest rights issues in Hong Kong since last year, as it prepares to buy a 49 per cent stake in China Resources Snow Breweries, currently owned by SABMiller. (more…)
Vietnam. Why doesn’t Industry Ministry let Sabeco go?
VietNamNet Bridge – Sabeco was equitized eight years ago, but the Ministry of Industry and Trade (MOIT) still has not transferred the brewery to the State Capital Investment Corporation (SCIC). (more…)
Is Thai Beverage worth drinking to?
TEN years ago, the Singapore Exchange (SGX) scored a coup. Thailand’s largest brewer Thai Beverage, or ThaiBev, ditched plans to list in the Buddhist nation for the Singapore bourse, following protests back home against its alcohol-centric business. (more…)
Asahi Eyes U.S. Beer Expansion With $3.7 Billion War Chest
Asahi Group Holdings Ltd., the Japanese brewer that’s buying European brands from Anheuser-Busch InBev NV worth $2.9 billion, is now pursuing deals in the U.S. that would help boost distribution of its Super Dry beer in the world’s largest economy. (more…)
Vietnam’s state-owned top brewer Sabeco to sell 53% at one go, deal valued upwards of $1b
Vietnam’s largest beer producer Sabeco, known for its iconic Saigon brand, will sell around 53 per cent stake in a single tranche following which the state’s holding in company will stand truncated to around 36 per cent, industry executives aware of the development told this portal. (more…)
Vietnam. Sabeco, Habeco say no to exchange listings
Ignoring current stock market regulations – and continuous urging from the community of investors – the two largest brewers in Việt Nam still found reasons not to list on the local exchanges, after 8 years of equitisation. (more…)
China. CR Beer profit bubbles despite flat market
China Resources Beer, which bought out SABMiller’s joint venture stake in the company earlier this month to smooth the way for AB InBev’s takeover of the London-listed brewer, today announced a nearly 14 per cent rise in profits on its beer operations last year, despite a soft Chinese beer market. (more…)
Carlsberg aims to strengthen position in India – CEO
An employee works at a line bottling beer at Carlsberg brewery "Baltika-Pikra" factory in Krasnoyarsk, January 10, 2013. REUTERS/Ilya Naymushin/Files
Danish brewer Carlsberg said on Wednesday it swung to a pretax loss of 1.73 billion Danish crowns ($261.8 million) in 2015 after it booked impairment and restructuring charges of around 10 billion crowns, mainly in the third quarter. (more…)
Japan. With SABMiller deal, Asahi helps rival out of a jam
Japan’s Asahi Group Holdings said Wednesday it has agreed to acquire some operations from U.K.-based brewer SABMiller in a deal that could smooth the way for a much larger transaction between SABMiller and Belgium-based Anheuser-Busch InBev. (more…)