1 Nov 2011

Asahi gets OIO approval to buy Independent Liquor

8:15 am on 1 November 2011

Japanese brewer Asahi has gained Overseas Investment Office approval for its takeover of Independent Liquor.

Asahi has bought the company for $US1.3 billion ($1.6 billion) after buying the listed firm Charlies Group for $129 million.

Auckland-based Independent Liquor specialises in ready-to-drink (RTD) brands and also produces and markets beer, wines and spirits.