fosters-exits-india-and-vietnam-beer-businesses

Foster's exits India and Vietnam beer businesses

Foster's announces exit from Asia selling its India business to SAB Miller and its Vietnam business to Asia Pacific Breweries.

By Sameera Anand

August 06, 2006

FosterÆs announced on August 4 that it is exiting its residual interests in Asia selling its business in India to SABMiller for $120 million and its business in Vietnam to Asia Pacific Breweries ôAPBö for $105 million. The transaction has been brewing for some time and is part of the Foster groupÆs decision to exit the region.

In India FosterÆs is selling its brewery in the state of Maharashtra, associated local brands as well as the FosterÆs brand to SABMiller for $120 million. FosterÆs group CEO Trevor O'Hoy says The value we have achieved through the outright sale of the Foster's brand, together with the brewery and local brands, far outweighs the potential...

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