Asahi buys New Zealand’s Independent Liquor

The Japanese brewer pays $1.3 billion for the Kiwi alcopop maker.

Asahi buys New Zealand’s Independent Liquor
Vodka Cruiser is one of the leading alcopos in Australia and New Zealand

Asahi is set to pay NZ$1.5 billion $1.3 billion for New Zealand’s Independent Liquor, a maker of pre-mixed alcoholic drinks, after a competitive auction in which it saw off some of its biggest rivals.

The deal is Asahi’s biggest acquisition to date and comes after a string of recent purchases aimed at increasing its foreign sales to combat sluggish growth at home. In a filing to the Tokyo Stock Exchange, the Japanese brewer said...

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