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AUSTRALIA: Lion Nathan scoops Melbourne Cup sponsorship in $30m deal

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In the latest twist in Australia's increasingly intense beer war Foster's has been replaced as the sponsor of the country's leading horse race, the Melbourne Cup, by arch-rivals Lion Nathan. Lion Nathan unveiled details yesterday of a five-year deal worth A$30 million that will see Australia's richest horse race renamed from the Foster's Melbourne Cup to the 'Tooheys New' Melbourne Cup.


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