Asia's beer war is a battle of acquisitions

TOKYO Major Japanese drinks manufacturer Asahi Group Holdings and Anheuser-Busch InBev, the world's largest brewery, have agreed for Asahi to acquire InBev's beer businesses in five European countries in a deal worth 7.3 billion euros ($7.6 billion). This marks the largest purchase ever by a Japanese company of an overseas beer business. With the market across Asia levelling off, competition is becoming increasingly fierce and, for many Asian breweries, future growth is at stake.