FDBusiness.com

SABMiller, the world’s second biggest brewer, is reported to be considering launching a £7b bid for the beer business of Foster’s, the Australian brewer and wine producer. Carlton & United Brewers, Foster’s beer operation, produces Victoria Bitter and Foster’s lager.

A successful bid by SABMiller would make it the biggest brewer in Australia and strengthen its standing in the Pacific region. Japanese brewer Asahi is also believed to be interested in the Foster’s beer business.

Foster’s announced in May that it was going to spin-off its struggling wine business.