Original article by Rick Wallace
The Australian – Page: 21 : 18-Nov-14
Japanese brewing group Asahi has revealed the size of its settlement deal with private equity firms Pacific Equity Partners and Unitas. It will receive $NZ220m ($A200), after claiming it had been misled over the acquisition for $A1.2bn in 2011 of the Independent Liquor business. Legal experts argue the case shows that large corporations are abusing section 18 of the Trade Practices Act, which is designed to protect small retail investors who lack the resources to carry out due diligence. The size of the compromise deal may have a dampening effect on mergers and acquisitions activity in Australia
CORPORATES
ASAHI BREWERIES LIMITED, THE INDEPENDENT LIQUOR GROUP CO-OPERATIVE LIMITED, PACIFIC EQUITY PARTNERS PTY LTD, UNITAS CAPITAL PARTNERS PTY LTD, MINTER ELLISON, SCHWEPPES AUSTRALIA PTY LTD, P & N BEVERAGES AUSTRALIA PTY LTD