MELBOURNE Reuters Fosters Group Ltd FGL.AX, Australias largest brewer, said on Tuesday it would make no comment on speculation about a potential takeover.
Chief Executive Ian Johnston also said he could not comment on whether the board would entertain the idea of selling its beer unit ahead of a proposed split because it was a hypothetical.
What the board is investigating is a proposal to demerge, he said. We cant comment on what the media speculation is on about.
Beverage giants SABMiller SAB.LSABJ.J and Japans Asahi Breweries 2502.T are eyeing Fosters beer unit but have not decided whether to make formal offers, sources told Reuters on Monday.
Reporting by Victoria Thieberger; Editing by Balazs Koranyi
Posts
