SABMiller, the giant brewing company, has lost the import and distribution licence for Corona Extra in Australia.
Corona's owner, Grupo Modelo, has withdrawn the concession following SAB's £6.5bn takeover of the original licensee, Foster's, in December 2011.
Sales volumes of Corona Extra in 2011 were approximately 3%, or 600,000 hectolitres, of a total Australian market of some 18m hectolitres.
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SAB shares have gained 16% since the Foster's deal was given final approval by Australian regulators on Dec 2.
BS
