Business News
Shareholders accept Foster's beer no longer Australian
Dec 1, 2011, 7:12 GMT
Sydney - Foster's shareholders voted overwhelmingly on Thursday to accept the 12.3-billion-Australian-dollar (12.5-billion-US-dollars) takeover of the Australian beer icon by global brewing giant SABMiller.
Foster's chairman David Crawford told the Sydney Morning Herald it was 'an historic day' as 98.1 per cent of shareholders voted to accept the takeover.
Foster's beer brands hold close to half the beer market in Australia, including icons such as Victoria Bitter and Carlton Draught.
The South African London-based SABMiller brews more than 200 beer brands around the world, and has pledged it will continue to brew the iconic Foster's brands in Australia.
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