Asahi Group Holdings Ltd (2502.T)
18 Jul 2019
Japanese brewer Asahi Group is buying the British beer business of Fuller, Smith & Turner, seizing the opportunity to further its overseas reach as other companies wrestle with growing uncertainty over Brexit.
* Japan PM Abe has urged orderly Brexit (Adds context, analyst comments, graphic)
Japanese brewer Asahi Group is buying the British beer business of Fuller, Smith & Turner for 250 million pounds ($327 million), including debt, furthering its overseas reach at a time of growing uncertainty over Brexit.
Jan 25 British pub operator and brewer Fuller, Smith & Turner said it had agreed to sell its beer business to a European unit of Tokyo-based Asahi for an enterprise value of 250 million pounds ($327 million) on a debt and cash free basis.