In the last four years, Asahi has spent over $20 billion buying assets, including European brands Peroni, Grolsch and Pilsner Urquell brands in 2016.
IPOs & Markets
The convenience chain said it will implement new policies for its franchisees, such as reducing monthly fees.
The transaction will be financed with a combination of cash and credit, and is expected to close by the end of the year.
The company has invited private equity and trading firms to bid for 100% of Nissan Trading Co.
In Asia, the company so far has operations in South Korea, Indonesia and the Philippines.
The deal gives Asahi a major presence in Australia and furthers its strategy to build its global presence.
While an IPO is currently the preferred option, Longreach could still opt to sell the business to another private equity firm or a rival retailer.
It’s part of a larger shift in the industry as drugmakers scramble to consolidate, seeking to bulk up to survive the increasing pressure from strict
Japanese companies announced more than 1,000 offshore acquisitions totaling a record $191 billion last year, led by Takeda Pharmaceutical Co.’s bloc
Unison is working with JPMorgan to gauge buyer interest in the drugmaker, which may be valued at around $1 billion.
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