Australia's corporate regulator, the Australian Competition and Consumer Commission, is expected next week to publish its timetable into an examination of Foster's bid for wine group Southcorp.

The examination, standard procedure for mergers and acquisitions, will look at market dominance in particular segments.

ACCC approval is a requirement.

Analysts are predicting that Foster's will sell some of its wine brands in order to satisfy the competition authorities if it buys Southcorp. The front contender to buy the brands so far is fellow Australian McGuigan Simeon.

"Foster's will certainly have more brands than they need, and it would certainly make life easier with the ACCC if they flick a few off to someone," one banking source said last week.