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

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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