* SABMiller prepares to publish formal bid
* Foster’s shares below SABMiller bid price
* Foster’s says SABMiller claim “frivolous and petty”
* SABMiller says pleased has clarity on Foster’s debt
* Foster’s books deferred tax asset of A$447.5 mln (more…)
SABMiller-China Resources Enterprise JV, China Resources Snow Breweries (CR Snow), has plans to bid for Shaoguan Huoli Beer Co, a Guangdong-based brewery, in the process of its expansion in the southern province. (more…)
Why has per-capita consumption of beer in the past three decades declined some 15%? (more…)
FOSTER’S continued to surrender market share in the crucial packaged beer segment in the July quarter, a development that is likely to strengthen suitor SABMiller’s hand in the $9.5 billion takeover battle between the two companies.
As Foster’s robustly defended its reporting practices before the Takeovers Panel yesterday, figures from market researcher Neilsen showed that CUB’s share of the local packaged beer market declined over the three months to the end of July. (more…)
* Claims statements by Foster’s were “misleading and deceptive”
* SABMiller says net debt figures don’t meet Australian standards
* Panel to review application to be established on Monday
* SABMiller trying everything it can to keep down price-analyst (more…)
The best-selling Moravian beer will be available in new packaging from August 30. Among beer lovers, more and more preferred plastic bottles will be added to traditional glass bottles and cans. A new 1.5 litre bottle of light draft beer Radegast Original will find its use especially during nature trips. Here, they prove their unique quality by their ability to better preserve the beer temperature and their resistance against breaking. (more…)
A sustained appreciation in the value of the Australian dollar or the arrival of an aggressive private equity player are regarded as the only factors that might impede SABMiller’s success in acquiring control of Australian brewer Foster’s. (more…)
* SABMiller nets 10 out of 12 banks
* Dollar funding costs high for European banks
* Further syndication possible (more…)
After almost six years, Robert Priday Woodworth, Managing Director of Uni?n de Cervecer?as Peruanas Backus y Johnston S.A.A is leaving the Peruvian operation of SABMiller. (more…)
Gary Haigh has been appointed as Managing Director of Miller Brands UK. Mr Haigh is currently President of SABMiller subsidiary Kompania Piwowarska in Poland and succeeds Nick Miller, who announced his resignation in July 2011. (more…)
