News

The ACCC has stalled Asahi’s $16 billion buyout of Carlton & United Breweries, arguing it would reduce competition in the cider market

The competition watchdog has stalled the $16 billion purchase of Carlton & United Breweries by Asahi, expressing fears the deal would reduce competition in cider, and may also reduce competition in Australia’s beer market. “The proposed acquisition would combine the two largest suppliers of cider in a highly concentrated market,” […]
The ACCC has stalled Asahi’s $16 billion buyout of Carlton & United Breweries, arguing it would reduce competition in the cider market