Original article by Bridget Carter, Eli Greenblat
The Weekend Australian – Page: 25 & 28 : 20-Jul-19
Japan-based Asahi is set to acquire Carlton & United Breweries in a $16bn deal, subject to approval by the Foreign Investment Review Board and the Australian Competition & Consumer Commission. The deal includes beer brands such as Victoria Bitter and Carlton Draught, and is expected to be finalised in the March 2020 quarter. Asahi secured the deal after Anheuser-Busch InBev abandoned plans for an IPO of its Asian brands, including CUB. The IPO documents show that CUB had a 48.8 per cent share of the Australian market in 2018, while rival brewer Lion – which is owned by Japan’s Kirin – had a 36.4 per cent market share.
CARLTON AND UNITED BREWERIES, ASAHI BREWERIES LIMITED, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, ANHEUSER-BUSCH INBEV SA/NV, LION PTY LTD, KIRIN HOLDINGS COMPANY LIMITED