NZ: Kirin Lion Nathan buyout gets green light
Australia-based brewer Lion Nathan announced that it has receieved the green light for the deal in New Zealand, where it owns Steinlager beer.
The decision, which follows clearance in Australia, means that Kirin's A$3.3bn (US$2.6bn) takeover of Lion Nathan remains on-track to be completed before the end of 2009.
Lion Nathan said in trading update today that it expects to meet net profits guidance of A$305m-$315m for its full-year.
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Japan's Asahi Breweries plans to build a JPY400bn (US$4.5 bn) war chest for overseas acquisitions by using loans and revenue....
San Miguel Brewery, part-owned by Japan's Kirin Holdings, is to expand outside of its native Philippines by acquiring San Miguel Brewing International for US$300m....
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