MELBOURNE Oct 25 Foster's Group Ltd
said it expects the beer category will return to moderate growth
once the current economic uncertainty passes, as Australia's
largest brewer prepares to be taken over by SABMiller .
Foster's, maker of Victoria Bitter, Carlton Draught and Pure
Blonde, said beer volume has declined in line with the rest of
the local market, though there has been some improvement in
consumer confidence in recent months.
In September, Foster's agreed to accept a sweetened A$10
billion ($10.4 billion) offer after a three-month battle by
SABMiller to win over management. The A$5.10 per share offer was
an A$0.20 per share increase on a previous bid.