Asahi wins conditional Australia nod for $11 billion AB InBev unit buy

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Japan's Asahi Group Holdings Ltd won conditional approval from Australia's competition regulator for its $11 billion purchase of Anheuser-Busch InBev's domestic operations after agreeing to sell five beer and cider brands.

FILE PHOTO: The logo of Anheuser-Busch InBev pictured outside the brewer's headquarters in Leuven, Belgium, February 28, 2019. REUTERS/Francois Lenoir/File Photo

An Asahi spokesman confirmed that the company agreed to the divestments for its planned purchase of Carlton & United Breweries . “We will continue to cooperate closely with authorities towards an FIRB approval,” the spokesman said.The decision by the world’s largest brewer to sell CUB last summer was driven by its need to cut its debt burden after it bought SABMiller in 2016.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Suntory is WAY better.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Baked by Melissa Releases Cupcake-Inspired Tie-dye Loungewear Collection.bakedbymelissa is turning its signature cupcake flavor into an apparel collection.
Source: wwd - 🏆 24. / 68 Read more »

Virgin Australia seeking government loan to weather coronavirus crisisVirgin Australia Holdings Ltd said on Tuesday it is seeking a government loan of A$1.4 billion ($862.68 million) and exploring other options to get through the coronavirus crisis. Maybe use a virgin Australia plane to illustrate the story, rather than a virgin Atlantic one! China's largest manufacturer of epidemic prevention materials. Medical masks, protective clothing, gloves, infusion sets, etc. Welcome to negotiate and order! Jack from Zhengzhou Newsky International Co., Ltd. China. ShengGuang 圣光医用制品股份公司 Jack 赵亚峰+86-13837195059. Why doesn't bank like to offer the virgin australia a loan so it can hunker down until the virus passing over?
Source: Reuters - 🏆 2. / 97 Read more »

The 1975 Postpone 'Notes on a Conditional Form' Release Date (Again)The 1975 have once again postponed the release of their album 'Notes on a Conditional Form' Oh go no!!! Wait who? 😂
Source: RollingStone - 🏆 483. / 51 Read more »

AstraZeneca's lung cancer treatment gets FDA nodThe U.S. Food and Drug Administration approved AstraZeneca Plc's combo treatment for a form of lung cancer in previously untreated patients, the drugmaker said on Monday.
Source: Reuters - 🏆 2. / 97 Read more »

The 1975 Share The Sprawling, Adventurous Tracklist For Notes On A Conditional Form.the1975’s new album is set to be a whopping 22 tracks
Source: MTVNEWS - 🏆 479. / 51 Read more »

Ben Higgins on the Moment He Got Down on One Knee & 'Shocked' Girlfriend Jessica Clark with ProposalThe reality star said that his bride-to-be was so surprised when he popped the question, all she could do was nod her head 'yes'
Source: people - 🏆 712. / 51 Read more »