Australia Approves $11 Billion Foster's Sale To Sabmiller

Reuters: Top News, Reuters
Fri, 11/25/2011 - 6:43am

CANBERRA (Reuters) - Australia's government approved on Friday SABMiller's A$11.5 billion ($11.2 billion) deal to acquire Foster's Group Ltd under foreign acquisitions laws, but imposed conditions requiring the company to keep brewing operations in Australia.

Sections: news business

Topics: alcoholic drinks australia beer foster's mergers & acquisitions sabmiller

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