Little Creatures to be taken over by giant Lion

Perth-based brewer Little World Beverages (LWB), the owner of craft nbeer brands Little Creatures and White Rabbit, is now valued at more nthan $380 million after a foreign takeover offer by Japanese-owned Lion.

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Little Creatures, started in Perth in 2000 by three budding brewers, nlast year reported revenue of $70 million. Lion, a subsidiary of nJapanese brewer Kirin, headquartered in Sydney, already has a 36{845d44a2f09c0018d802e19e78941a85dc2180e4ed7410cee0b34e8cb134ecea} stake nin LWB. The Lion bid will be subject to Foreign Investment Review Board napproval. LWB shareholders are expected to vote on the deal in nSeptember. LWB is listed in the Australian stock-exchange.

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Kirin’s latest acquisition follows less than a year since competitor nSABMiller’s $12.3 billion takeover Australia’s biggest beer brand nFoster’s, last year. Australian Food News – Read More.​