MELBOURNE, April 29 - Shareholders of Foster's Group Ltd voted on Friday to separate the company's beer operations from its wine business to create two separate listed entities. The following are details of the plan...
MELBOURNE, April 29 - Shareholders of Australia's Foster's Group Ltd voted in favour of separating the firm's beer and wine operations, a decision that could clear the way for potential bidders for either business. The...
* Treasury Wine Estates due to list on May 10 * Independent expert backs spin-off * Treasury Wine Estates net assets at A$2.89 billion * Spin-off cost estimated at A$151 million (Adds details) MELBOURNE, March...
* Investors to get 1 wine share for every 3 Foster's shares * Split could entice bidders including SABMiller * First-half profit down 5.6 pct as beer volumes slide * Australian beer market declines in...
* Wine business to be spun off in May; vote set for April * Investors to get 1 wine share for every 3 Foster's shares * First-half profit down 5.6 pct on weaker beer demand...
MELBOURNE, Feb 15 - Foster's Group , Australia's largest brewer, outlined plans to split its beer and wine businesses, saying shareholders would receive one share in the new wine company for every three shares currently...
* Sees A$80-A$90 million hit to wine earnings * Says U.S. conditions remain challenging * Poor earnings likely to put off any buyers for wine ops (Adds analyst comment, details) MELBOURNE, Dec 18 - Foster's...
* Sees A$80-A$90 million hit to wine earnings * Says U.S. conditions remain challenging (Adds details) SYDNEY, Dec 18 - Foster's Group Ltd <FGL.AX>, Australia's biggest brewer, warned on Friday the strong Aussie dollar would...
Wine Boom Turns to Gloom
Chinese wine imports have soared more than 10-fold in the past few years but foreign producers hoping to cash in on the boom are warning the market is fickle and not for the faint of heart. China is on track to import 10 million cases of wine this year, up from 840,000 in 2004, according to the H...