E-Malt.com News article: 651

Carlton & United Breweries (CUB), the Australian brewing division of Foster’s Group Limited (Foster’s) announced on February 14 it had completed the transaction to acquire Bulmer Australia Limited (BAL), a wholly owned subsidiary of UK based HP Bulmer.

The company announced on 19 December 2002 its intention to acquire BAL subject to two pre-conditions, which have now been met. Those conditions involved HP Bulmer UK shareholder and Australian regulatory approval. The total purchase consideration is $63 million.


17 February, 2003