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Home / Business

Pair eyeing Australia's Foster's Group

Bloomberg
3 Jun, 2011 05:50 PMQuick Read

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Photo / Alan Gibson

Photo / Alan Gibson

Molson Coors Brewing Co and Mexico's Grupo Modelo are exploring a joint bid for Australia's Foster's Group amid talk that further suitors may emerge for the maker of VB and Cascade beer.

Speculation of a possible takeover pushed Foster's shares up more than 7 per cent, lifting the value
of Australia's largest brewer to A$8.9 billion ($9.5 billion).

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