TOKYO -- The agreement by Asahi Group Holdings to purchase Anheuser-Busch InBev's key Australian operation punctuates the Japanese brewer's strategy of capturing the promising premium beer market.
The buyout of Carlton & United Breweries announced Friday represents a marriage between the biggest brewers in Japan and Australia. The deal, valued at 16 billion Australian dollars ($11.3 billion), is also the largest outbound purchase by a Japanese beermaker to date.
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