The deal gives Asahi a major presence in Australia and furthers its strategy to build its global presence.
IPOs & Markets
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.
The asset sale is part of a plan to gain approval for a tie up with Germany’s Linde AG.
The settlement marks the end of a tumultuous fight between Xerox and Icahn over a transaction that would cede control of the once-iconic American inno
The target is to help shoppers replicate online the experience of trying on cosmetics in a store, and use data from smart devices to create personaliz
The company, named after the Chinese character for “thought,” has a network of 57 stores across Japan.
Asahi is selling its stake as it expands in Europe, where it acquired about $11 billion in beer brands from Anheuser-Busch and SAB Miller.
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