Asahi Group Holdings acquires Australia’s largest beer company

Market NewsPress Tuesday July 23rd, 2019

Asahi Group Holdings Inc., a major Japanese beer company, announced that it will acquire Carlton & United Brewery, a major beer company in Australia, for $ 11.3 billion (approximately 1,210 billion yen).
As the beer market in Japan shrinks, Asahi positions its flagship “Super Dry” as a high quality product in Australia and aims to expand the sales worldwide.