Loading...
See More

SABMiller loses Corona licence in Australia

Mar 09 2012 11:37 Reuters

Company Data

SABMILLER PLC [JSE:SAB]

Last traded 589.53
Change -1.7
% Change 0.00
Cumulative volume 169721
Market cap 986.96bn

Last Updated: 24/10/2014 at 01:46. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

SABMiller boosts beer volumes

SABMiller pursues Castel's Africa unit

SABMiller names new Foster's chief

Foster's give SABMiller their vote

Australia approves Foster's takeover

SABMiller launches MGD in China

 
London - Global brewer SABMiller [JSE:SAB] said its newly-acquired Foster’s business has lost a licence to import and distribute Corona Extra lager in Australia.

Mexican brewer Grupo Modelo, which makes Corona, told SABMiller it was terminating Foster’s licence following its acquisition by SABMiller in December last year.

That deal combined Foster’s with SABMiller’s premium lager brands in Australia, including Peroni, Miller Genuine Draft and Grolsh.

Around 600 000 hectolitres of Corona Extra were sold in Australia in 2011, compared with the overall lager market of 18 million hectolitres.

SABMillier said in a statement on Friday that its expected financial returns from the Foster’s takeover would be broadly unchanged.
australia  |  foster's  |  sabmiller
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...