It‘s a funny old world
Tasmanian brewer J. Boag & Son may have been snubbed by Lion Nathan when the diminutive brewer offered to buy Kirin’s stake in Lion Nathan (see Brauwelt International No.1/2000). This has not stopped Boag‘s chief executive Philip Adkins from making a bid for the UK’s number two brewer Bass at the end of March. Delusions of grandeur? Far from it. Boag’s chief believes to be shortlisted with global brewers such as Heineken, Carlsberg and South African Breweries. Bass’s beer division is valued at up to US$3 billion, while Boag’s market capitalisation is A$50 million (US$30.5m). Therefore Mr Adkins has announced that he has secured the backing of Germany’s largest state-owned bank, Westdeutsche Landesbank. The German bank would provide debt plus some equity..
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