Beverages - Brewers
Grupo Modelo SAB de CV Issues Prospectus On Corporate Restructuring And Divestiture Of Certain Assets, Including Sale Of Total Stake In Crown Imports LLC To Constellation Brands Inc
Grupo Modelo SAB de CV announced that it has issued the Prospectus on its Corporate Restructuring, which consists of carrying out divestiture of certain assets of the Company, and in particular confirming the sale of the total stake which the Company holds, through GModelo Corporation Inc., in Crown Imports LLC to Constellation Brands Inc; the sale of the brewery of Piedras Negras, Coahuila, through the sale of 100% of Compania Cervecera de Coahuila S de RL de CV and Servicios Modelo de Coahuila S de RL de CV; other operations related with the sale of Crown and Piedras Negras.
United Breweries Ltd Updates On Scheme Of Amalgamation With Scottish & Newcastle India Private Limited
United Breweries Ltd announced that the Honourable High Court of Karnataka has approved the Scheme of Amalgamation between Scottish & Newcastle India Private Limited and United Breweries Limited. The certified true copy of the Court Order has been filed with the Registrar of Companies, Karnataka and the Scheme has become effective. The Company shall in due course allot equity shares to the eligible shareholders in terms of the Scheme.
Carlsberg A/S To Close Bulgarian Brewery for Two Months-Reuters
Reuters reported that Carlsberg A/S it so close its brewery in Shumen, Bulgaria for two months due to lower beer consumption. This will cause the Company to reduce between 15 and 20 workers out of the total of 170. The closure is not permanent.
Kirin Holdings Co Ltd to Transfer Shares of Subsidiaries to Newly Established Subsidiary
Kirin Holdings Co Ltd announced that it has decided to transfer all shares of two wholly owned subsidiaries, Kirin Brewery Company, Limited and Kirin Beverage Company,Limited to a newly established subsidiary, effective January 1, 2012.
SAPPORO HOLDINGS LTD Announces Merger between Subsidiaries
SAPPORO HOLDINGS LTD announced that its wholly owned subsidiary POKKA SAPPORO FOOD & BEVERAGE LTD. will merge with another subsidiary Pokka Corporation, after Pokka Corporation merges with a Hokkaido-based subsidiary, effective January 1, 2013. POKKA SAPPORO FOOD & BEVERAGE LTD. will also merge with another wholly owned subsidiary of the Company, Sapporo Beverage Co., Ltd., effective January 1, 2013. After the transactions, POKKA SAPPORO FOOD & BEVERAGE LTD. will be the surviving company and Pokka Corporation and its Hokkaido-based subsidiary as well as Sapporo Beverage Co., Ltd. will be dissolved.
FuJian Yanjing HuiQuan Brewery Co., Ltd. to Liquidate Subsidiary
FuJian Yanjing HuiQuan Brewery Co., Ltd. announced that it plans to liquidate and write off an 85%-owned subsidiary, a Quanzhou-based packaging product company.
United Breweries Limited Updates On Scheme Of Amalgamation
United Breweries Limited announced that pursuant upon amalgamation of Chennai Breweries Pvt. Ltd. (CBPL) into United Breweries Ltd. as per the Scheme of Amalgamation of CBPL and UBL sanctioned by the Hon'ble High Courts of Karnataka and Madras respectively, the Committee of Directors have at its Meeting held December 08, 2011, approved allotment of 85,00,000 Equity Shares of Rs. 1 each of URL to the eligible shareholders of CBPL. Further, pursuant upon amalgamation of Millennium Beer Industries Ltd. (MBIL) into United Breweries Ltd. as per the Scheme of Amalgamation of MBIL and UBL sanctioned by the Hon’ble Board for Industrial and Financial Reconstruction, the Committee of Directors have at its Meeting held December 08, 2011, approved allotment of 5,04,731 Equity Shares of Rs. 1 each of UBL to the eligible shareholders of MBIL.
Sapporo Holdings Limited Announces Merger between Subsidiaries
Sapporo Holdings Limited announced that its wholly owned subsidiary, Sapporo Beverage Co., Ltd., has decided to merge with another subsidiary of the Company, Pokka Corporation, in January 2013.
Carlsberg A/S Beer Girls in Cambodia Go on Strike
Carlsberg A/S announced that its so called beer girls, women selling and serving beer on the streets and in bars, have gone on strike to protest against their pay and working conditions. In July 2011, a professional arbitrator ruled that the beer girls were right in their demands for payment for overtime, but Carlsberg disagrees and has decided to appeal against the ruling. The Company believes it meets the requirements for overtime payment in other ways in its contracts with the women. The arbitration decided that the payment on Sunday is to be raised from USD 2 to USD 4 (NOK 20) per day.
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Sector Summary
| Energy |  -0.06% |
| Basic Materials | -0.93% |
| Industrials | -0.64% |
| Cyclical Goods & Services |  +0.02% |
| Non-Cyclical Goods & Services | -0.28% |
| Financials | -0.30% |
| Healthcare | -0.46% |
| Technology | +0.01% |
| Telecoms | -0.03% |
| Utilities | -0.68% |
| DOW | 14,932.41 | -42.55 |
-0.28% |
| S&P 500 | 1,614.08 | -0.88 |
-0.05% |
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-0.03% |
| TR US Index | 146.41 | -0.24 |
-0.17% |
Analyst Research
| Report Title | Price |
|---|---|
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Provider: Bohai Securities Co.,Ltd.
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$115.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: GlobalData
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$125.00
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Provider: Pechala's Reports
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$10.00
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