Big brewers silent on Foster's takeover

From The Publican

30-Aug-2006

Related topics: General News, Company & City News

Global brewers InBev and SABMiller have declined to comment on reports linking them to a possible takeover of the Foster's business in Australia.


The Sydney Morning Herald reported that both companies had been looking over Australia's biggest beer and wine producer, although it is not thought a bid is imminent.


Foster's has been slimming down its overseas operations. Earlier this year, it sold the European rights to its flagship lager brand to Scottish & Newcaste, and has followed this up with similar deals with SABMiller in India, and Asia Pacific Breweries in Vietnam.


The takeover speculation emerged as Foster's reported an increase in net operating profits to A$623m in the year to June 30, up from A$540m year ago.

Find us on Facebook

Spotlight

Legal Q&A: Opening a cinema club and assault charges

Legal Q&A: Opening a cinema club and assault charges

This week's legal Q&A asks what you should do regarding personal licences and being charged with assault,...

Five minute guide to Champagne, Prosecco and Cava

Five minute guide to Champagne, Prosecco and Cava

It may, in the past, have been associated with indulgence and special occasions, but all that is...

Legal Q&A: Nudity, noise and measuring down

Legal Q&A: Nudity, noise and measuring down

This week's legal Q&A features issues to do with 'regulated entertainment' and nudity, noise abatement notices and...

Drinks promotions: top legal tips

Drinks promotions: top legal tips

In this top tips series we continue our analysis of the practical implications of the changes to...

Follow us on