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Asahi Group Holdings Ltd (2502.T)

2502.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Asahi Group Holdings Says It Will Issue Up To 200 Billion Yen In Ordinary Shares To Fund Acquisition Of Carlton & United Breweries
Friday, 19 Jul 2019 05:39am EDT 

July 19 (Reuters) - Asahi Group Holdings Ltd <2502.T>::ASAHI GROUP HOLDINGS SAYS IT WILL ISSUE UP TO 200 BILLION YEN IN ORDINARY SHARES TO FUND ACQUISITION OF CARLTON & UNITED BREWERIES.  Full Article

AB InBev Sells Carlton & United Breweries To Asahi Group Holdings
Friday, 19 Jul 2019 02:06am EDT 

July 19 (Reuters) - Anheuser Busch InBev SA ::ANHEUSER-BUSCH INBEV AGREES TO SELL CARLTON & UNITED BREWERIES TO ASAHI GROUP HOLDINGS, LTD.ALL OF PROCEEDS FROM DIVESTITURE OF AUSTRALIAN BUSINESS WILL BE USED BY COMPANY TO PAY DOWN DEBT.AB INBEV'S COMMITMENT TO REACH A NET DEBT TO EBITDA TARGET RATIO OF BELOW 4X BY END OF 2020 IS NOT DEPENDENT ON COMPLETION OF THIS TRANSACTION.CARLTON & UNITED BREWERIES (CUB) SOLD FOR AUD 16.0 BILLION.SELLING PRICE IS IN ENTERPRISE VALUE.TRANSACTION REPRESENTS AN IMPLIED MULTIPLE OF 14.9X 2018 NORMALIZED EBITDA.TRANSACTION IS EXPECTED TO CLOSE BY THE FIRST QUARTER OF 2020..AB INBEV WILL GRANT ASAHI GROUP HOLDINGS, LTD. RIGHTS TO COMMERCIALIZE PORTFOLIO OF AB INBEV'S GLOBAL AND INTERNATIONAL BRANDS IN AUSTRALIA.  Full Article

Fuller, Smith & Turner Says AEL Got CMA Confirmation On No Further Questions Regarding Disposal
Friday, 29 Mar 2019 03:01am EDT 

March 29 (Reuters) - Fuller Smith & Turner PLC ::DISPOSAL UPDATE, BOARD CHANGES & CIRCULAR.PROPOSED DEAL FOR ENTERPRISE VALUE OF £250 MILLION.ENTERED INTO AN AGREEMENT FOR SALE OF ITS ENTIRE BEER BUSINESS TO ASAHI EUROPE LTD.EXPECTS TO COMPLETE CORPORATE REORGANISATION TO TRANSFER CERTAIN ASSETS AND LIABILITIES OF ITS BEER BUSINESS TO FULLER'S BEER.CONFIRMS AEL RECEIVED CONFIRMATION FROM CMA THAT THEY HAVE NO FURTHER QUESTIONS IN RELATION TO DISPOSAL.BOARD DECIDED TO DELAY ANNOUNCEMENT OF COMPANY'S FULL YEAR RESULTS FOR 52 WEEKS TO 30 MARCH 2019 UNTIL 25 JULY 2019.SIMON DODD WILL RESIGN AS MANAGING DIRECTOR OF FULLER'S BEER COMPANY AND AS A DIRECTOR OF COMPANY.JONATHON SWAINE WILL RESIGN AS MANAGING DIRECTOR OF FULLER'S INNS AND AS A DIRECTOR OF COMPANY.RICHARD FULLER TO RESIGN AS CORPORATE AFFAIRS DIRECTOR BUT WILL REMAIN ON BOARD AS A NON-EXECUTIVE DIRECTOR.  Full Article

Fuller,Smith & Turner To Sell Beer Business To Asahi Europe For 250 Mln Stg
Friday, 25 Jan 2019 02:15am EST 

Jan 25 (Reuters) - Fuller Smith & Turner PLC ::DISPOSAL AND TRADING UPDATE.PROPOSED DEAL FOR ENTERPRISE VALUE OF £250 MILLION ON A DEBT FREE, CASH FREE BASIS.NET CASH PROCEEDS OF PROPOSED DISPOSAL ARE EXPECTED TO BE APPROXIMATELY £205 MILLION AT DEAL COMPLETION.ENTERED INTO AN AGREEMENT FOR SALE OF ITS ENTIRE BEER BUSINESS TO ASAHI EUROPE LTD.UNDER TERMS OF PROPOSED DISPOSAL, AEL WILL ACQUIRE BRANDS OF BEER BUSINESS.A RETURN OF DEAL PROCEEDS BETWEEN £55 MILLION TO £69 MILLION OF NET CASH PROCEEDS EXPECTED TO BE DISTRIBUTED TO ORDINARY SHAREHOLDERS.PROPOSED DISPOSAL IS NOT ANTICIPATED TO IMPACT LEVEL OF DIVIDEND PAYMENTS.BOARD ALSO INTENDS TO USE SOME OF NET CASH PROCEEDS TO MAKE A CONTRIBUTION TO PENSION SCHEME.AEL TO ACQUIRE BRANDS OF BEER BUSINESS,LICENCE, ON PERPETUAL, GLOBAL, EXCLUSIVE, ROYALTY-FREE BASIS, TO USE CERTAIN TRADE MARKS.OWNERSHIP OF LICENSED TRADE MARKS WILL BE RETAINED BY FULLER'S.LIKE FOR LIKE SALES IN MANAGED PUBS AND HOTELS HAVE RISEN 5.6 PER CENT IN LAST 10 WEEKS.FOR 42 WEEK PERIOD, LIKE FOR LIKE SALES IN MANAGED PUBS AND HOTELS HAVE RISEN 4.7 PER CENT.LIKE FOR LIKE SALES FOR DECEMBER ROSE 8.7 PER CENT AND OUR PRE-BOOKED COVERS ROSE BY 16 PER CENT.LFL PROFITS IN TENANTED INNS ROSE 2 PERCENT, TOTAL BEER AND CIDER VOLUMES IN FULLER'S BEER CO REMAINED LEVEL FOR 42 WEEK PERIOD.SAYS "WE ARE IN AN UNCERTAIN AND CHALLENGING CONSUMER ENVIRONMENT".  Full Article

United & Collective to issue 136,900 shares to ASAHI BREWERIES and TAKARA SHUZO for 399.7 mln yen
Friday, 13 Jul 2018 12:03am EDT 

July 13 (Reuters) - United & Collective Co Ltd <3557.T>:Says it plans to issue 136,900 shares of its common stock to ASAHI BREWERIES, LTD. and TAKARA SHUZO CO.,LTD via private placement on July 31, for 399.7 million yen in total.  Full Article

First Pacific Proposes To Purchase Stake In AIBM and IASB
Friday, 22 Dec 2017 08:45am EST 

Dec 22 (Reuters) - First Pacific Co Ltd <0142.HK>::UNITS OF INDOFOOD TO BUY & UNIT OF ASAHI TO SELL, 617,100 SHARES IN PT ASAHI INDOFOOD BEVERAGE MAKMUR AND 632,100 SHARES IN IASB.TOTAL CONSIDERATION FOR SALE SHARES SHALL BE US$20 MILLION.  Full Article

Asahi Group Holdings says unit in deal to divest stake in beverages JVs in Indonesia
Friday, 22 Dec 2017 04:45am EST 

Dec 22 (Reuters) - Asahi Group Holdings Ltd <2502.T> ::Says its unit Asahi Group Holdings Southeast Asia Pte Ltd enters into agreement to sell entire 51 percent stake in PT Asahi Indofood Beverage Makmur and 49 percent stake in PT Indofood Asahi Sukses Beverage.Says transaction amount is $20 million (about 2.3 billion yen).  Full Article

Fosun International Says Fosun Industrial To Buy Shares Of Tsingtao Brewery For HK$6.62 Bln
Wednesday, 20 Dec 2017 05:11am EST 

Dec 20 (Reuters) - Fosun International Ltd <0656.HK>::FOSUN INTERNATIONAL -FOSUN INDUSTRIAL, PEAK REINSURANCE, & OTHERS TO BUY 243.1 MILLION SHARES OF TSINGTAO BREWERY CO FOR HK$6.62 BILLION FROM ASAHI GROUP.‍ DEAL FOR HK$27.22 PER SHARE​.  Full Article

Asahi Group Says To Sell Its Stake In Tsingtao To Tsingtao Brewery Group, Fosun Industrial Holdings, Others -Statement
Wednesday, 20 Dec 2017 04:03am EST 

Dec 20 (Reuters) - Asahi Group Holdings Ltd <2502.T>::TO SELL ALL OF ITS 106 BILLION YEN STAKE IN CHINA'S TSINGTAO BREWERY -STATEMENT.TO SELL ITS STAKE IN TSINGTAO TO TSINGTAO BREWERY GROUP, FOSUN INDUSTRIAL HOLDINGS, OTHERS -STATEMENT.  Full Article

Asahi Group Holdings to sell unit LB
Thursday, 2 Nov 2017 02:14am EDT 

Nov 2 (Reuters) - Asahi Group Holdings Ltd <2502.T>:Says it will sell 100 percent stake in LB Co.LTD, which is engaged in sale and manufacture of beverage, with undisclosed price, effective Nov. 30 .  Full Article

Nikkei dips on Fed, earnings caution; Asahi falls after AB InBev deal

TOKYO, July 22 Japanese shares dipped on Monday on diminishing hopes of a large rate cut by the U.S. Federal Reserve and as investors took a cautious stance ahead of a Japanese earnings seasons that starts this week.