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.

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
De Kuyper Royal Distillers’ De Kuyper Batched 0.0% range has won both Innovation and Product Launches honours in the 2025 Just Drinks Excellence Awards. Learn how these premium, non-alcoholic RTD cocktails help operators serve consistent, bar-quality drinks while tapping fast-growing demand for sophisticated alcohol-free options.

Discover the Impact