Asahi eyes more deals to grow overseas business to 33% of sales
Add BT as a preferred sourceTokyo
ASAHI Group Holdings Ltd wants to grow its overseas business to about a third of sales with more acquisitions after agreeing to buy about US$11 billion of SABMiller plc's brands as Japan's largest brewer seeks to offset a falling beer market at home.
"The domestic market is turning out stable cash flow but we want overseas markets to be our growth engine," Asahi president Akiyoshi Koji, 65, said on Tuesday at the brewer's Tokyo headquarters.
TRENDING NOW
Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future
Back to Earth for SpaceX? Why the US$2 trillion titan shed US$600 billion in 3 days
