Bid for Foster’s may need a top-up

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FOSTER’S shares pretty much kept pace with the sharemarket’s latest rally yesterday despite a pedestrian June 30 result because there was enough in the profit and what chief executive John Pollaers said about it to suggest that SABMiller will need to sweeten its $4.90 a share offer to win control. Not to the $6 mark that Foster’s wants, however. (more…)

Prazdroj starts trial run of PET bottling line

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Plze?sk? Prazdroj has started a trial run of its new PET bottling line. With a maximum output of 18,000 bottles per hour, the line is Plze?sk? Prazdroj’s biggest one–off investment over the last five years. The value of the line and the overall technical design is approx. CZK 150 million. The company’s offer of PET–packaged beer includes the brands Velkopopovick? Kozel, Primus and Klasik. (more…)

New President of Kompania Piwowarska

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As of October Kompania Piwowarska, leader of the Polish beer market, part of the SABMiller group, will be headed by its new President: Robert Priday. The current KP’s CEO Gary Haigh has been appointed as Managing Director of SABMiller’s British subsidiary – Miller Brands UK. (more…)

SABMiller, SWD to Build a $ 60 Mln Brewery

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SABMiller, the world’s second largest brewer, and SouthWest Development (SWD), an Ethiopian investment group, are going to build a 60-million-dollar brewery in Ethiopia. The brewery will be built near Holeta, 40km from Addis Ababa. (more…)

Foster’s May Use Buyback to Fend Off SABMiller

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Chief Executive Officer John Pollaers, three months into the role, may tomorrow announce plans for share buybacks to blunt the appeal of SABMiller Plc (SAB)’s hostile takeover bid as profit drops. (more…)