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Australia's competition watchdog flags concerns about Asahi-CUB deal

Published 12/11/2019, 05:48 PM
Updated 12/11/2019, 05:51 PM
Australia's competition watchdog flags concerns about Asahi-CUB deal

(Reuters) - Australia's competition regulator on Thursday said it has preliminary concerns about Japan's Asahi Group Holdings Ltd's (T:2502) proposed acquisition of domestic brewer Carlton & United Breweries.

"The proposed acquisition would combine the two largest suppliers of cider in a highly concentrated market," Australian Competition and Consumer Commission Chair Rod Sims said in a statement.

In July this year, Anheuser-Busch InBev (BR:ABI), the world's largest brewer, said it is selling its Australian operations to Asahi for $11 billion.

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