China: Diageo has been given the go-ahead to make an offer for the remaining shares of ShuiJingFang. The maximum offer stands at GBP630m.

The board of Foster’s Group has recommended to its shareholders that an improved takeover offer by SABMiller is accepted.

SABMiller has proposed to make a conditional, off-market, cash takeover offer for all of the issued shares in Foster’s Group. 

Diageo subsidiary East African Breweries (EAB) has purchased all of SAB Miller’s 20% shareholding in Kenya Breweries (KB). The transaction is worth US$225 million. The deal is subject to EAB disposing of its 20% shareholding in Tanzania Breweries – by way of public offer through the Dar-es-Salaam Stock Exchange.

Dutch beer Grolsch has announced a partnership with British Airways and has opened a bar in one of the airline’s lounges in Terminal 5.

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Joe Bates

Why craft brands are gaining traction

I’ve always maintained that the cards are stacked against craft spirits brands wanting to build a meaningful travel retail presence.

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