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Asahi May Be Planning a $4.9 Billion Bid for These Beer Brands

October 5, 2016, 8:47 AM UTC
Bottles of Asahi Breweries Ltd.'s Super Dry beer are display
Bottles of Asahi Breweries Ltd.'s Super Dry beer are displayed for sale at a liquor shop in Tokyo Japan, on Wednesday, Jan. 6, 2010. Carlsberg A/S agreed with Asahi Breweries Ltd. on Jan. 4 to import and sell the Japanese brewer's Super Dry brand in Hong Kong, and is considering expanding the partnership to other markets.Photographer: Haruyoshi Yamaguchi/Bloomberg via Getty Images
Haruyoshi Yamaguchi/Bloomberg via Getty Images

Tokyo-based brewer Asahi Group Holdings (ASBRY) plans to offer more than 500 billion yen ($4.87 billion) for SABMiller’s (SBMRY) beer business in five Eastern European countries, the Nikkei business daily said.

SABMiller’s business in the Czech Republic, Poland, Hungary, Slovakia and Romania will be opened up to bidding after Anheuser-Busch InBev (AHBIF) acquires the company next week, the Nikkei said.

Asked to comment on the report, an Asahi spokeswoman said the company was not currently taking any steps towards proposing an acquisition or bidding for SABMiller’s assets.

Asahi Group President Akiyoshi Koji told Reuters in May that the company will not bid for the Eastern European assets that SABMiller is selling to appease anti-monopoly regulators.

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SABMiller could not be reached outside business hours.

The Japanese brewer has already agreed to buy brands such as Italy’s Peroni from SABMiller for 2.55 billion euros ($2.84 billion).