SABMiller gets the all clear for Foster's takeover
SABMiller, tha multi-national lager brewing company, says it has won regulatory approval for its £6.5bn takeover of Foster's.
SABMiller, tha multi-national lager brewing company, says it has won regulatory approval for its £6.5bn takeover of Foster's.
In return for the thumbs up from the Australian Federal Treasurer SABMiller says it has agreed to keep the management of Foster's in Australia.
The firm argues that because Foster's is already focused on Australian customers this was "consistent with our intentions for the business".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
SABMiller now expects the transaction to complete before the end of 2011 subject to a shareholder vote in December.
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Thousands of estates are sitting unclaimed in the UK – is your family name on the list?
More than 5,700 unclaimed estates are on a government list waiting to be found by living relatives. We take a look at the list, and explain how to make a claim
-
420,000 more pensioners to be dragged into paying income tax – how does tax on the state pension work?
Hundreds of thousands more pensioners will need to pay tax on their pension income at the end of this tax year, new HMRC data shows. We look at how taxation on the state pension works.