Japanese brewer Asahi to stay away from bidding for SABMiller's East Europe assets

Japanese brewer Asahi to stay away from bidding for SABMiller's East Europe assets

Tokyo businessmen toast with mugs of Asahi Breweries' beer after their office hours at a beer garden at the rooftop of Nihonbashi-Mitsukoshi department store in Tokyo July 30, 2013. REUTERS/Issei Kato

Asahi Group Holdings Ltd will not bid for the Eastern European assets that SABMiller PLC is selling to appease anti-monopoly regulators, the president of Japan’s biggest brewer said on Tuesday.

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