Australian treasurer approves SABMiller’s acquisition of Foster’s
On 25 November 2011, the Australian Federal Treasurer on recommendation from the Foreign Investment Review Board (FIRB), approved SABMiller’s acquisition of Foster’s and the remaining 50% of Pacific Beverages.
SABMiller has provided certain undertakings to the Treasurer in relation to the Foster’s acquisition as part of the FIRB process. Given the local nature of Foster’s brewing business and its focus on Australian customers, these undertakings are consistent with our current intentions for the business, and will not affect our ability to integrate Foster’s and PacBev or to compete effectively in Australia.
via SABMiller.
Breweries: SABMiller
Womp-woooomp…