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United Malt raises $140m as beer sales go flat

United Malt Group is raising $140 million to strengthen its balance sheet after taking a hit from a drop in beer consumption during COVID-19 shutdowns across its global markets.

The newly listed maltster noted a 30 per cent drop in demand in April with pubs and other hospitality and entertainment venues closed for business.

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Brad Thompson was a reporter at The Australian Financial Review

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    Original URL: https://www.afr.com/companies/manufacturing/united-malt-raising-140m-as-beer-sales-go-flat-20200514-p54suo