InsideJapan News Network
Tuesday,
9th
August
2011
In Business In Japan,
In Business In Japan,
Japanese drinks company to buy New Zealand firm
Asahi Group Holdings, the Japanese company behind the popular 'super dry' beer of the same name, is set to put in a bid to acquire a New Zealand-based drinks firm.
The Japanese drinks company have reportedly put forward a bid of 100 billion yen (£791 million) for Independent Liquor, the company behind the distribution of drinks such as Calsberg, Tuborg and Kingfisher beers as well as spirits such as Whyte and MacKay scotch and Vladivar vodka.
Tetsuro Ii, chief executive of Commons Asset Management, noted that the acquisition - and others like it might be down in part due to the recent natural disasters that hit the country.
"Especially after the big earthquake and tsunami, executives realise it is quite difficult to grow only in Japan," he said.
"More and more Japanese companies accelerate mergers and acquisitions. The strong yen also pushes [mergers and acquisitions]."
Asahi Group Holdings is Japan's largest brewer by volume. It makes or distributes Tsing-Tao in the area, as well as its eponymous drink.
Written by Kimberley Homer
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Japan take on France in opening game (9th September 2011)
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The Japanese drinks company have reportedly put forward a bid of 100 billion yen (£791 million) for Independent Liquor, the company behind the distribution of drinks such as Calsberg, Tuborg and Kingfisher beers as well as spirits such as Whyte and MacKay scotch and Vladivar vodka.
Tetsuro Ii, chief executive of Commons Asset Management, noted that the acquisition - and others like it might be down in part due to the recent natural disasters that hit the country.
"Especially after the big earthquake and tsunami, executives realise it is quite difficult to grow only in Japan," he said.
"More and more Japanese companies accelerate mergers and acquisitions. The strong yen also pushes [mergers and acquisitions]."
Asahi Group Holdings is Japan's largest brewer by volume. It makes or distributes Tsing-Tao in the area, as well as its eponymous drink.
Written by Kimberley Homer
Related news stories:
Japan women footballers claim draw in Olympic opener (6th August 2008)
Sony to launch new PSP in Japan (3rd September 2008)
Japan take on France in opening game (9th September 2011)
Fall in Asian stocks on new data (11th August 2010)
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