SABMiller Plc (SAB)’s joint venture in China agreed to pay HK$6.6 billion ($851 million) for beermaking assets from Kingway (124) Brewery Holdings Ltd. to boost its share of the world’s biggest market for the beverage. (more…)
London-based Diageo Plc. (DEO) has completed its joint venture with India’s largest spirits company United Spirits Limited, to own United National Breweries’ traditional sorghum beer business in South Africa. (more…)
Diageo PLC (DGE.LN) said Monday it reached a joint-venture agreement under which it will pay 36 million dollars for a 50% stake in the company which owns United National Breweries’ (more…)
Lee Hsien Yang, the brother of Singapore’s prime minister and chairman of Fraser and Neave Ltd (F&N), will enter a new chapter in his corporate life – and could well leave F&N – as the group looks set to be taken over by Thailand’s third-richest man. (more…)
Kirin Holdings Co. said Tuesday that no decision has been made on its stake in property, soft drinks and publishing empire Fraser & Neave Ltd. (more…)
Thailand’s third-richest man has raised his stake and takeover offer for Fraser and Neave Ltd to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close. (more…)
Regulatory concerns could damage Modelo deal (more…)
Fitch Ratings has assigned Anheuser Busch InBev’s (ABI) subsidiary Anheuser Busch InBev Finance Inc.’s (ABIFI) USD4bn bond issue a senior unsecured rating of ‘A’ which is in line with ABI’s Issuer Default Rating (IDR) of ‘A’ with a Stable Outlook. (more…)
Anheuser-Busch InBev NV (ABI), the world’s biggest brewer, is unwilling to sell Grupo Modelo SAB’s newest state-of-the-art beer bottling plant as a concession to win U.S. approval of its $20.1 billion takeover of the Mexican company, two people familiar with the matter said. (more…)
The North American-based Molson Coors Brewing Company through its Molson Coors UK & Ireland has acquired the Franciscan Well craft beer brand and micro-brewery in Cork City, Ireland, for an undisclosed sum. (more…)
