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Japan's Asahi Offers Billions for Italy's Peroni
The Local ^ | 10 Feb 2016

Posted on 02/10/2016 12:37:39 AM PST by nickcarraway

Japan's Asahi Group Holdings has offered €3.1 billion for two top European lager brands from British giant SABMiller, in what would be the biggest-ever overseas acquisition by a Japanese beer company, a report said on Wednesday.

Board members finalised the 400 billion yen proposal on Tuesday for Peroni of Italy and the Netherlands' Grolsch, the leading Nikkei business daily said, without citing sources.

The company refused to confirm the report but said in a statement it was "studying a variety of possibilities for a capital and business tie-up, including this case". Nothing has been finalised, it added.

Acquiring the brands, which have a long history in Asia-Pacific, would allow Asahi to broaden its overseas strategy, the report said. Overseas sales only account for about 10 percent of Asahi's total sales.

Asahi Group shares fell 7.66 percent to 3,347.0 yen by the break on Wednesday.

Anheuser-Busch InBev, the world's top brewer, is taking over rival SABMiller, and Peroni and Grolsch have been put on the market as part of an asset sale arrangement, the Nikkei said.

If successful, the deal would be the biggest since Kirin Holdings turned Australia's Lion Nathan into a wholly owned subsidiary for 330 billion yen in 2009, the Nikkei said.

Anheuser-Busch InBev announced in November the purchase of SABMiller for €107 billion, which was the third largest acquisition in history.


TOPICS: Business/Economy; Food; Local News
KEYWORDS: axis; beer; italy

1 posted on 02/10/2016 12:37:39 AM PST by nickcarraway
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To: nickcarraway

So the Japanese Budweiser wants to buy the Italian Old Milwaukee?

Strange times


2 posted on 02/10/2016 12:44:39 AM PST by Fai Mao (Just a tropical gardiner chatting with friends)
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To: Fai Mao

( Made in Japan ) Asahi sucks , but Bud sucks 100 times more .


3 posted on 02/10/2016 1:09:06 AM PST by sushiman
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To: sushiman

“( Made in Japan ) Asahi sucks , but Bud sucks 100 times more .”

Hey I am a San Miguel man myself.


4 posted on 02/10/2016 1:15:31 AM PST by Fai Mao (Just a tropical gardiner chatting with friends)
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To: Fai Mao

Not bad ...but taste and aroma on the weak side, and mouthfeel is very watery. 4 out of 10 .


5 posted on 02/10/2016 1:31:45 AM PST by sushiman
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To: nickcarraway

Pepperoni beer sounds like it would go well with pizza.

A-sushi beer probably goes better with fish.


6 posted on 02/10/2016 2:08:49 AM PST by Larry Lucido
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To: nickcarraway

Peroni’s not that bad on tap, but you have to find it fresh. Good luck.


7 posted on 02/10/2016 2:12:06 AM PST by 1rudeboy
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