It’s the penultimate episode of Brews News Week for 2019. In the news: ACCC raises competition concerns over Asahi-CUB deal and Malt Shed owners put brewery up for sale.
The ACCC has announced that it has concerns about competition in the beer and cider markets regarding the proposed acquisition of CUB by Asahi.
Mountain Goat applied to the Inner West Council to redevelop a site on King Street in Newtown into a restaurant, bar and microbrewery, and plans for the site were approved this month.
The ACCC is seeking industry views about the impact on competition in the beer market as a result of Asahi’s proposed purchase of Australia’s largest brewer, CUB.
Australian craft brewing’s longest running rumour finally proved true today when Brisbane’s Green Beacon announced the full sale of the business to Asahi. We caught up with co-founder Adrian Slaughter to discuss the sale…
After more than two years of ‘red hot’ rumours, Brisbane’s Green Beacon has announced it has been purchased by Asahi just weeks after the Japanese drinks giant acquired CUB.
If the CUB-Asahi acquisition goes ahead, 70 per cent of the cider market will belong to one company, says industry body Cider Australia, as it calls on the ACCC to closely consider the deal.
When news broke that CUB has been purchased by Asahi for $16 billion the comments and questions came thick and fast. Hawkers founder Mazen Hajjar of Hawkers Beer weighs in.
The ACCC will look into CUB’s sale to Asahi and Pirate Life, 4 Pines and BoozeBud stay with CUB, but all else is speculation in the wake of last Friday’s sale announcement.
AB InBev sells Carlton & United Breweries to Asahi in a deal worth $16bn, less than a week after IPO for Budweiser APAC business fails.