According to the Australian Financial Review, the Australian beer and wine producer, Foster’s Group, could net as much as A$1.35 billion (US$870m) from the sale of its pubs and gaming operations.
Foster’s said it expected to choose between the bid for the businesses from Newbridge Capital and a proposal for a float by Macquarie Bank, at a board meeting this week.
The group’s pubs and gaming division, trading as Australian Leisure and Hospitality, is expected to record earnings before interest, tax, depreciation and amortisation of A$162m in the year to June, with EBITDA forecast to rise to A$188m in 2004.
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Just Drinks Excellence Awards - Nominations Closed
Nominations are now closed for the Just Drinks Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action
ROBOT Kombucha by Net Zero Foods has won the Innovation Award in the Probiotic Beverages category in the 2025 Just Drinks Excellence Awards. Discover how this AI-developed, 100% organic, low-sugar probiotic cola is reshaping gut-health drinks while championing bee-friendly, sustainable sourcing.
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