JAPAN/N ZEALAND: Asahi Group hoovers up Charlie's Group shares
Asahi secured 90% of the shares in Charlie's Group earlier this month
Asahi Group has begun acquiring all remaining shares that it does not already own in New Zealand's Charlie's Group.
Earlier this month, Asahi secured 90% of the shares in Charlie's Group, triggering a full takeover of the company. The firm received acceptances for 90.62% of the New Zealand-based juice maker's shares.
In a statement on Friday (19 August), Asahi said it has now commenced the compulsory acquisition process under the Takeovers Code, to acquire all of the remaining shares in Charlie's that it does not already own.
Also in the last month, Asahi has signed deals to acquire New Zealand and Australia-based Independent Liquor Group for NZ1.52bn (JPY97.6m, US$1.27bn) and Australia's P&N Beverages for JPY16.3bn (US$202m).
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