Asahi Breweries, Ltd. the second largest Japanese Brewer announced that it has successfully acquired all otustanding shares of Schweppes Holding Pty Ltd., the direct parent company of Schweppers Australia.
The acquisition of Schweppes Australia will strengthen Asahi's international soft drinks business, create a new platform for growth in Oceania and enable the capture of synergies across the Group.
With the yen's appreciation, cash-rich Japanese drink makers are penetrating Asian markets through M&As.
April 06, 2009
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