Asahi on the verge of owning some of Australia’s biggest beer brands with proposed $16 billion deal

One of the biggest corporate takeovers in Australian history will see Japanese companies owning the nation’s two biggest beer companies.

The Australian reports that Japan’s Asahi is on the verge of finalising a deal with Anheuser-Busch InBev – the brewer of US beer giant Budweiser – to buy Carlton & United Breweries (CUB) for $16 billion.

The deal is still subject to scrutiny by the Australian Competition and Consumer Commission and the Foreign Investment Review Board.

Source link Finance News Australia

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