Big brewers silent on Foster's takeover

From The Publican

Start a new thread30-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

National Minimum Wage - what you need to know

National Minimum Wage - what you need to know

HMRC is naming and shaming pubs, hotels and restaurants that pay below the national minimum wage. The...

Craft Cider Trends

Craft Cider Trends

As the craft-cider movement follows the craft-beer movement, we begin to see parallels in its development. Here,...

The Big Interview: Mike Benner, SIBA

The Big Interview: Mike Benner, SIBA

In June Mike Benner left the Campaign for Real Ale (CAMRA) after 20 years of campaigning, to...

PMA's Most Mentioned 2014

PMA's Most Mentioned 2014

The Publican's Morning Advertiser has carried out its own research to uncover the 20 pubcos that have...

Follow us on