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.
Two of Australia’s largest brewers did not pay corporate tax in 2015-16, an Australian Tax Office report says.
Asahi Group Holdings has further bolstered its international brand portfolio, picking up Pilsner Urquell as a result of the continued fallout from AB InBev’s takeover of SABMiller.
Australia’s competition watchdog has for the second time delayed its decision on Anheuser-Busch InBev’s proposed takeover of SABMiller.