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Business deals

Japan's Asahi defies Brexit blues with Fuller's beer buy

$250m pound deal part of move by brewer to raise its global profile

The purchase of Fuller, Smith & Turner's British beer business adds to Asahi's international stable of brands, which include Super Dry and Peroni Nastro Azzuro.    © Reuters

Japanese brewer Asahi Group is buying the British beer business of Fuller, Smith & Turner for 250 million pounds ($327 million), including debt, furthering its overseas reach at a time of growing uncertainty over Brexit.

The acquisition announced on Friday will increase Asahi's presence in Britain with the addition of London Pride ale, Frontier lager and Cornish Orchards cider to a range including Asahi Super Dry, Peroni Nastro Azzurro and Meantime.

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