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Asia/Australia
In Amsterdam they will be scratching their heads. Only days after Heineken’s takeover offer for Asia Pacific Breweries (APB), Kindest Place, a company controlled by Thai billionaire Charoen Sirivadhanabhakdi’s son-in-law, raised the stakes on 6 August 2012 by offering to buy the 7.3 percent of APB owned directly by Fraser & Neave (as opposed to shares owned in the joint venture with Heineken).
Asia/Australia
It was to be expected. With the loss of some licensed brands like Stella Artois and Carlsberg, Foster’s owner SABMiller took a long hard look at its production site at Abbotsford near Melbourne and decided to shut down one of its seven production lines by October this year. This will lead to loss of 33 jobs, hopefully through voluntary redundancies.
Asia/Australia
Phew – no bidding war. After only two weeks of deliberations, on 3 August 2012 Fraser & Neave’s board of directors recommended Heineken’s USD 4.1 billion offer for its 40 percent stake in Asia Pacific Breweries (APB) to shareholders, the Amsterdam-based brewer said in a statement. Heineken already owns a 42 percent stake in APB.
Asia/Australia
Heineken’s USD 4.1 billion offer to buy Singapore’s Fraser & Neave (F&N) out of the Asia Pacific Breweries (APB) joint venture altogether may have been fired from the hip, but what could they do?
Asia/Australia
Indian beer producers could not have asked for more: Amidst the global economic doom and gloom and a slowing Indian economy, when the talk of a grimmer economic situation was pervasive around the country, an extended and unusual Indian summer has helped the Indian beer producers to achieve one of the highest sales during the peak beer consuming months (March – June) in India.
Asia/Australia
Casella Wines, the family-owned winery whose Yellow Tail wine label rose from scratch to become the most popular imported wine in the U.S. in almost no time, has moved into beer with the mid-June launch of two beers: Arvo 34 and Arvo 51.
Asia/Australia
KHS GmbH, an internationally manufacturer of packaging and filling systems, is divesting itself of its 70 percent majority holding in the Chinese joint venture Guangdong Light Industry Machinery No. 2 Plant Co., Ltd (GLM2). The shares, which were purchased in 2006, will be sold back to the minority shareholders. Spare parts and service for machines, lines and systems from the GLM2 joint venture will continue to be provided by GLM2. In future, KHS intends to have certain system parts for glass lines in the low and medium capacity range manufactured under contract at GLM2. According to KHS, the production facility which was set up at the same time in the Indian city of Ahmedabad with an area of 25 000 m² serves the Asian market very successfully and profitably..
Asia/Australia
Anyone into threesomes? Apparently, naughty Tsingtao is wanting to pull Japan’s Suntory into its bed while Asahi is fearing it will have to relinquish the pillow. That’s the more colourful interpretation of what is currently happening at Tsingtao, China’s number two brewer, in which Asahi has a 20 percent stake.
Asia/Australia
It’s a hoot – if you can see the funny side of it. The City authorities of Mumbai announced in early June 2012 that they would enforce the archaic Bombay
Asia/Australia
There is always some reason in madness. On 18 June 2012, in a surprise announcement, brewer Lion confirmed an agreement with the board of Little World Beverages (LWB) to acquire, by way of a Scheme of Arrangement, the 64 percent of shares in LWB it does not already own. The deal values LWB, a craft beer brewer, best known for its brand Little Creatures, with an estimated annual output of 80,000 hl beer, at about AUD 380 million (EUR 312 million) which is plenty of dosh.
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BRAUWELT on tour
Most Read
BRAUWELT on tour
