28 Jul 2011

Asahi builds stake in Charlie's

1:34 pm on 28 July 2011

Japanese brewer Asahi is building its stake in juice maker Charlie's.

The firm is offering 44 cents a share for Charlie's and has acceptances giving it 61.5% of the company.

It needs 90% for the $129 million takeover deal to go ahead.

The purchase has been approved by the Overseas Investment Office and the offer closes on 19 August.