SABMiller swallows Foster's amber nectar

SABMiller, the FTSE 100 brewing company, has finally tied up its purchase of Foster's, the iconic Australian lager firm.

SABMiller, the FTSE 100 brewing company, has finally tied up its purchase of Foster's, the iconic Australian lager firm.

On Thursday, Foster's shareholders voted the deal through then on Friday the Supreme Court of Victoria gave the "scheme of arrangement" the legal rubber stamp.

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