Asahi/Independent Liquor

Asahi buys New Zealand’s Independent Liquor

The Japanese brewer pays $1.3 billion for the Kiwi alcopop maker.
<div style="text-align: left;">
Vodka Cruiser is one of the leading alcopos in Australia and New Zealand
</div>
<div style="text-align: left;"> Vodka Cruiser is one of the leading alcopos in Australia and New Zealand </div>

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 it would buy all of Independent Liquor’s outstanding shares from private equity owners Pacific Equity Partners and Unitas Capital, which both own 43.9%, as well as the remaining stake owned by the widow of Michael...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222