Foster's Group has increased its stake in fellow Australian Southcorp Ltd to 40.9%.

According to local media, retail acceptances increased by 1.1% of Southcorp shares to 10.2%. There was no change in the institutional acceptances at 11.9%.

The offer had been due to close next Thursday (12 May), but on Wednesday the company once again extended its deadline for the  A$4.26 per share offer of Southcorp. The new deadline is 26 May.

Foster's will acquire control of Southcorp once its holding reaches 50%.