CANADA: Molson Coors eyes acquisitions?
Molson Coors, the Canada-based brewer, is prepared to increase its debt load in order to make acquisitions, the company has confirmed.
Molson CEO Peter Swinburn told the Bloomberg newswire this week that the brewer would increase debt if it had the chance to make acquisitions of "reasonable" size.
A spokesperson for Molson confirmed the comments to just-drinks today (26 June).
The news may throw the spotlight back onto Molson's 5% stake in Foster's, which it acquired via a third party last autumn.
Should Foster's decide to separate and sell off the remainder of its wine division, something many analysts in contact with just-drinks still believe likely at some stage, then Molson could be among a pack of firms eyeing the Australian firm's more successful beer business.
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