SABMiller Cleared to Buy Foster’s for $12 Billion

Australian trade regulators have cleared British beverage company SABMiller’s takeover of the Australian-based Foster’s Group claiming that the acquisition would not significantly alter the beverage market landscape.

While the $12.3 billion takeover is quite a large merger, the new SABMiller-Fosters will continue to face competition in the beverage market form Lion, the second largest player in Australia’s beer market.

The merger must still undergo approval from the Foreign Investment Review board before being finalized.

(via The Australian)

More content

CultureProducts
Coca-Cola Revives Iconic Mexican Soft Drink Barrilitos For A New Generation
Born and raised in California, I’ll admit I’m spoiled when it comes to great Mexican food, especially after living in San Diego, just a skip…
,
Products
Fireball Unleashes A New Whiskey Infused With Actual Football Fans’ Tears
It may seem a bit left-field, shamelessly hilarious, and perhaps even slightly insensitive, but Sazerac—the privately held American beverage company behind Fireball Cinnamon Whisky —is…
,
CultureProducts
‘Friends’ Fans, Rejoice: HelloFresh Is Bringing Rachel’s Iconic Trifle To Your Holiday Table
“It’s a trifle. It’s got all of these layers. First, there’s a layer of ladyfingers, then a layer of jam, then custard, which I made…
,
Burger
We Deliver!

Enter your email address below and we'll deliver our top stories straight to your inbox