Foster's exits India and Vietnam beer businesses

Foster's announces exit from Asia selling its India business to SAB Miller and its Vietnam business to Asia Pacific Breweries.

FosterÆs announced on August 4 that it is exiting its residual interests in Asia selling its business in India to SABMiller for $120 million and its business in Vietnam to Asia Pacific Breweries ôAPBö for $105 million. The transaction has been brewing for some time and is part of the Foster groupÆs decision to exit the region.

In India FosterÆs is selling its brewery in the state of Maharashtra, associated local brands as well as the FosterÆs brand to...

To continue reading, please login or register for free

Click for more on: fosters | sab miller | asia pacific breweries

Print Edition

FinanceAsia Print Edition