Asahi To Buy No. 3 Aussie Drink Maker

Asahi Breweries, Ltd. announced that it has entered into a binding share purchase agreement to acquire 100% of the issued shares of P&N Beverage Australia Pty Ltd, the third largest soft drink company by volume in Australia. The total purchase price is $A 364 million. Asahi Group has already acquired Schweppes and plans to integrate Schweppes and P&N to deliver significant growth opportunities and synergies within the Australian and overseas soft drinks businesses.