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.
The deal is worth £6.5bn and will see the owner of Grolsch and Coors Light get its hands on Foster's lager as well as the famous VB and Carlton Draught brands.
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As part of the deal SABMiller had to agree to keep the management of Foster's within Australia.
BS
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