It’s all but cheers to Foster’s as global beer economics scales new heights

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THE board of Foster’s Group awaits the next move in the multibillion dollar takeover battle for the country’s biggest beer company, two private equity operators are hoping some of the takeover dust comes their way as they crank up the search for a strategic partner for alcopop group Independent Liquor. (more…)

SABMiller play for Foster’s expected to drag on for months

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SABMiller’s bid for Foster’s Group is expected to take months to resolve, in the absence of any other bidders emerging, as Foster’s tries to get the world no.2 brewer to sweeten its $10 billion offer, investors and analysts said. (more…)

Predator keen to revitalise premium beer market

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SABMiller would use Foster’s to launch super-premium beer brands in Australia to unlock tens of millions of sales dollars if its bid for the brewer succeeds, industry experts say. (more…)

SABMiller Discipline Tested by Foster Bid

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In building SABMiller Plc (SAB) from Africa’s biggest brewer to the world’s second-largest by volume, Chief Executive Officer Graham Mackay has earned a reputation for not paying too much for purchases. His desire to snare Foster’s Group Ltd. (FGL) will test that discipline. (more…)

“Sarmat” and “Zhygulivske” beer brands enter market in Georgia

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“Miller Brands Ukraine” company, a SABMiller plc group’s subsidiary production unit, enters into contract with T&D (Trade & Development), the Georgian company, for supplying “Sarmat” and “Zhygulivske” beer brands to the Georgian market in the end of May, 2011. (more…)