Is that Coca-Corona on the horizon?
Coca-Cola Amatil might have reduced its blue-sky growth options when it sold a big chunk of its alcohol business to SABMiller but rumours are rife that it is mapping out a new three-year alcohol strategy that includes bidding for the lucrative Corona beer contract once it is free to re-enter the Australian beer market next year.
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Another part of its strategy is the purchase of part or all of the Foster’s non-beer business. Coca-Cola Amatil has confirmed it will begin due diligence this month on the Foster’s interests, which include the Australian spirit and ready-to-drink business, its Australian non-alcoholic business and the Fijian brewery, liquor and soft-drinks business for up to $180 million. Sydney Morning Herald – Read more…
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