CUB into $16b Japanese embrace
Craft brewers say the $16 billion buyout of Carlton & United Breweries by Japanese giant Asahi in Australia will make it increasingly tougher for smaller players to gain access to tap contracts in pubs and clubs, as the industry tries to recover from the economic damage of COVID-19.
Asahi will take control of Australia's biggest beer business from June 1, bringing brands including Victoria Bitter, Carlton Draught, Great Northern and Crown Lager into its stable, more than 10 months after announcing the $16 billion acquisition.
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