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Business deals

Asahi's $10bn Australian beer deal faces post-pandemic hangover

Japanese brewer closes transaction in shrinking, changing market

A bartender pours a beer at a hotel bar in Sydney. Asahi's deal for Carlton & United Breweries puts it in the deep end of Australia's beer market.   © Reuters

TOKYO -- Top Japanese brewer Asahi Group Holdings confronts a chilling business environment upon completing its acquisition of leading Australian group Carlton & United Breweries on Monday, as the coronavirus crisis saps sales in an already shifting market.

The parent of the brewer of Japan's Super Dry bought CUB and other assets from Anheuser-Busch InBev, the world's biggest brewer, for 16 billion Australian dollars ($10.8 billion), in a deal announced last summer.

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