At a Jameson factory dating from the 18th century near Ireland’s Cork, the world’s biggest Irish whiskey producer has staked its future in a new facility with three shiny stills used to produce spirits.
Fraser & Neave Ltd. rose above Thai billionaire Charoen Sirivadhanabhakdi’s offer price as investors speculated that the Singapore-based company may attract a higher bid and Heineken NV considered its next step in a two-month battle to gain control of F&N’s beer business.
Molson Coors Brewing Co., the U.S. maker of Carling lager, agreed to buy StarBev LP for 2.65 billion euros ($3.54 billion) to add beer brands such as Staropramen and provide a route into central and eastern Europe.
Diageo Plc, the world’s largest distiller, advanced to its highest price ever in London trading after first-quarter revenue growth beat analyst estimates, led by gains in Latin America, Asia and Africa.
Anheuser-Busch InBev NV and U.S. regulators are proceeding with talks to allow the company to acquire Grupo Modelo SAB even after the government filed a lawsuit to stop it, said people familiar with the matter.
The Mexican units of Anheuser Busch InBev NV and Heineken NV must cap exclusive distribution deals with small retailers selling their beer at 20 percent or pay fines, the nation’s antitrust regulator said.