More on Asahi Group’s acquisition of Australia’s largest beer brewer
Australia’s best known beer brands are part of a huge acquisition deal by the Asahi group based in Japan. The deal is expected to be finalised in the first quarter of 2020, as reported by the Australian Financial Review (AFR), and when it is completed, it will be one of the 10 largest acquisitions to ever happen in Australia.
The brands include Carlton & United Breweries, the maker of Carlton Draught, Great Northern and Victoria Bitter, from Anheuser-Busch InBev (AB InBev) for AUD $16 billion.
Back in 2016, Asahi bought Peroni, Grolsch and Pilsner Urquell lagers from InBev and SAB Millter in two different deals that totalled around USD $11 billion.
Upon its finalisation, this deal would mean that two Japanese companies would own both of the major brewers in Australia. Apart from this acquisition of Asahi, the other major Japanese brewer Kirin purchased Lion, the brewer of the ‘XXXX’ brand and the Toohey’s brand in 2009.
For more information, read the full article of AFR here.