SINGAPORE, July 20 (Reuters) - Asia's drinks industry has
seen a wave of M&A activity in the first half of 2009, as Japan's
major brewers, faced with mature markets at home, look overseas
to reposition themselves.
The value of all deals in the sector in the first half stands
at about $8.5 billion, overtaking the 2008 total of around $5.1
billion.
Top 5 acquisitions in the first half.
AMOUNT ACQUIRER TARGET DATE
1 $2.5 bln Kirin Lion Nathan <LNN.AX> pending
[ID:nSYD119790]
2 $1.8 bln KKR [KKR.UL] Oriental Brewery pending
[ID:nHKG270104]
3 $1.4 bln *Kirin San Miguel <SMB.PS> Feb 23 2009
[ID:nT11680]
4 $667 mln Asahi <2502.T> Tsingtao <0168.HK> Apr 30 2009
[ID:nSP213217]
5 $386 mln Lotte Doosan Corp Feb 24 2009
[ID:nSEO16163]
**TOTAL: $6.8 billion
Source: Thomson Reuters data.
* As part of the deal, Kirin separately sold a 20 percent
stake in parent San Miguel Corp <SMC.PS> for about $820 million
to investment management firm Q-Tech Alliance.
** This table does not include Asahi's purchase of Cadbury's
<CBRY.L> Schweppes Australia business for about $936 million. The
deal was announced late last year and completed in April.
((Compiled by Dhara Ranasinghe, Editing by Ian Geoghegan;
Reuters Messaging: dhara.ranasinghe.reuters.com@reuters.net; +65
6870 3277))
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