Tag: beer

There are clear signs of change in Japan Inc as bitter rivals discuss a merger. One of China's richest men pays $235 million for Anheuser-Busch InBev's final 7% stake in the Chinese brewery. Japan's second-largest beverage company is on the way to completing yet another earnings-accretive acquisition. But debt levels have soared, and targets are running out. In pursuit of its policy of earnings-accretive growth, Kirin takes the first step towards a possible privatisation of the Australian alcoholic beverages company. The Japanese brewer sells its stake in San Miguel Brewery's parent company to partially finance the acquisition. More than two years after its IPO, the Singapore-listed beer producer may finally achieve a dual listing that will allow it to sell shares to domestic retail investors. Parent company San Miguel Corporation decides to spin off only 5% of its domestic beer subsidiary, while price sensitivity makes it "highly likely" that the price will be fixed ... The Philippine brewer is aiming for an IPO of at least $150 million, but 90% of the proceeds will go to the parent. Interbrew''s top man in China talks about recent acquisitions and why the company is so optimistic about China''s beer market.