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Asahi pulling out of beverage JV with Indofood

Departure highlights challenges in Indonesia's consumer sector

Asahi has produced bottled tea in a joint venture with Indofood. (Photo by Wataru Suzuki)

JAKARTA -- Japan's Asahi Group Holdings said on Monday that it plans to divest its interest in a beverage joint venture with Indonesia's Indofood CBP Sukses Makmur, a unit of Salim Group, to refocus on its core alcohol business.

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