Asahi Group Holdings has completed the purchase of all outstanding shares of Flavoured Beverages Group Holdings, which was announced on 18 August.
Asahi Liquor New Zealand Limited (ALNZ), which was newly incorporated for the acquisition of all outstanding shares of FB, is deemed a specified subsidiary of Asahi.
On 18 August, Asahi executed the share purchase agreement to acquire all outstanding shares of FB, trading as Independent Liquor Group through Asahi’s existing subsidiary in Australia.
Independent Liquor is a ARTD (Alcoholic Ready-to-Drink) company in New Zealand and ranked number three in Australia.
The purchase price in the transaction (including the interest-bearing debt) is approximately NZD1,534m
Source: Asahi Group
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