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PEP, Unitas Capital say Asahi allegations unfounded and untrue
February 14, 2013 / 5:21 AM / 5 years ago

PEP, Unitas Capital say Asahi allegations unfounded and untrue

HONG KONG, Feb 14 (Reuters) - Private equity firms Pacific Equity Partners and Unitas Capital said in a statement on Thursday that Asahi Group Holdings Ltd’s allegations that they inflated earnings at Independent Liquor ahead of a 2011 sale were unfounded and untrue.

Japanese brewer Asahi, which acquired Independent Liquor for NZ$1.5 billion ($1.26 billion), is suing individual directors and investment funds controlled by the two private equity firms in Australia’s Federal Court. ($1 = 1.1885 New Zealand dollars) (Reporting by Stephen Aldred; Editing by Jeremy Laurence)

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