Japan's Asahi considers Foster's partnership: paper
-- PHOTOS: BT FILE PHOTO, REUTERS
MELBOURNE - JAPANESE beer maker Asahi Breweries may enter the Australian alcoholic drinks sector through a partnership with Foster's Group, The Age newspaper said on Monday.
Asahi was likely to wait until Foster's, which already distributes Asahi beer, completes a review of its operations, expected in February, the paper said. The review may recommend a demerger of the wine and beer businesses.
If the beer business was spun off, Asahi is believed to be considering a partnership beyond the distribution contract, the article said, without giving a source.
On Wednesday, British confectionery maker Cadbury Plc agreed to sell its Australian beverage business to Asahi for 550 million pounds (S$1.17 billion). -- REUTERS
