Japanese giant Asahi will on June 1 become the official owner of Australia's largest beer business, Carlton & United Breweries, after gaining clearance from the Foreign Investment Review Board for the $16 billion buyout.
It was the last regulatory hurdle to be cleared and will give Asahi ownership of a company which makes Victoria Bitter, Carlton Draught, Great Northern and Crown Lager.
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Simon Evans writes on business specialising in retail, manufacturing, beverages, mining and M&A. He is based in Adelaide. Connect with Simon on Twitter. Email Simon at simon.evans@afr.com
