Asahi Aussie deal passes all but one sobriety test
22/07/2019 03:48
(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)
By Alec Macfarlane
HONG KONG, July 22 (Reuters Breakingviews) - The Japanese
brewer is buying AB InBev’s Australian unit for $11 bln. It’s a
highly profitable business that ticks lots of boxes for Asahi,
but justifying the price requires clever cost savings. Asahi
will have to take a more proactive approach than usual to make
the deal work.
Full view will be published shortly.
On Twitter https://twitter.com/AlecMac11
CONTEXT NEWS
- Asahi agreed to buy Belgian rival Anheuser-Busch InBev’s
Australian business, Carlton & United Breweries, for an
enterprise value of A$16 billion ($11.3 billion), the Japanese
brewer said in a statement on July 19.
- Asahi reported 175 billion yen ($1.6 billion) of revenue
from the Oceania region in 2018, of which around half comes from
alcoholic beverages and the rest from non-alcoholic drinks.
- The deal is expected to be completed in the first quarter
of the fiscal year ending December 2020.
- For previous columns by the author, Reuters customers can
click on MAC/
- SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS: http://bit.ly/BVsubscribe
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
AB InBev sells Australian brewer to Asahi, keeps Asia IPO on
radar urn:newsml:reuters.com:*:nL8N24K1BB
Press release https://www.asahigroup-holdings.com/en/ir/pdf/19pdf/190719.pdf
BREAKINGVIEWS - AB InBev’s deal machine goes into smart reverse
urn:newsml:reuters.com:*:nL4N24K1MB
BREAKINGVIEWS - AB InBev checks into prolonged debt detox
urn:newsml:reuters.com:*:nL8N24G1NO
BREAKINGVIEWS - Morgan Stanley’s Asian crown gets Bud-shaped
dent urn:newsml:reuters.com:*:nL4N24G063
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>
(Editing by John Foley and Katrina Hamlin)
((alec.macfarlane@thomsonreuters.com; Reuters Messaging:
alec.macfarlane.thomsonreuters.com@reuters.net))