News

AUS: Foster's looking to sell Asian brewing ops

Most popular

Campari faces familiar troubles - analysis

Why 'disaster' is no hyperbole for French wine

COVID prompts spirits RTD tsunami - comment

How A-B InBev's Brito changed the drinks industry

just-drinks looks at the career of Michel Doukeris

MORE

Foster's Group is looking to sell its brewing assets in four key markets - with SABMiller one of a number of potential suitors for the operations, just-drinks understands.

Foster's Brewing International, the company's overseas beer arm, has put its businesses in China, India, Vietnam and Fiji on the block.

SABMiller has declared its interest in acquiring Foster's assets in these markets, just-drinks understands, but is not the only global brewer in the running. The sale process is understood to still be at an early stage with a conclusion still some way off.

SABMiller is understood to be attracted to Foster's operations in India, where it has been present since 1998 with a brewery in Maharashtra. The Foster's brand has also been the only international beer brand to achieve notable growth in India, with sales up 20% last year.

Foster's has a minor foothold in China but enjoys a significant presence in Vietnam, which has become the world's second fastest-growing beer market and where brewers Carlsberg, SABMiller and Anheuser-Busch have entered over the last two years.

SABMiller refused to comment on whether it was interested in bidding for Foster's Asian brewing assets. Scottish & Newcastle, which holds the European licence to the Foster's brand and has a 37.5% stake in India's largest brewer United Breweries, also declined to comment.

A Foster's spokesman said it was policy not to comment on market speculation, before adding: "All the Asian and Pacific breweries are performing strongly and Foster's is one of the fastest growing premium beer brands in these markets. We are commited to Asia as a major growth market for Foster's lager."


Related Content

Could Anheuser-Busch InBev IPO trigger brewing consolidation in South-East Asia? - Analysis

Could Anheuser-Busch InBev IPO trigger brewing consolidation in South-East Asia? - Analysis...

Budweiser Brewing Group - The end of Anheuser-Busch InBev? - just-drinks thinks

Budweiser Brewing Group - The end of Anheuser-Busch InBev? - just-drinks thinks...

Marie Brizard Wine & Spirits to sell Sobieski Trade unit

Marie Brizard Wine & Spirits to sell Sobieski Trade unit...

Asian beer brands spike in value as China premiumises - study

Asian beer brands spike in value as China premiumises - study...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?