This loan is a preparatory step towards CCA’s re-entry into the Australian premium beer market and will be used by the Australian Beer Company to assist with the acquisition and expansion of a brewery in Griffith, New South Wales into a 500,000 hectolitre annual capacity brewery.
CCA is currently subject to a restraint not to sell, distribute or manufacture beer in Australia until 16 December 2013. Prior to that date the Australian Beer Company will also refrain from carrying on those activities.
The loan will convert into a joint venture equity interest in the Australian Beer Company after the expiration of the restraint on 16 December 2013.
The resulting joint venture will then be responsible for manufacturing premium beer and developing brands whilst CCA will be solely responsible for the sales, distribution and development and management of customer relationships.
Coca-Cola Amatil has also announced half-year financial results, year ended 30 June 2012.
Source: CCA
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