UK: Scottish & Newcastle completes the acquisition of Fosters brand
Scottish & Newcastle completes the acquisition of the Fosters brand in Europe, the Russian Federation and other countries in the CIS, the company released May 17.
On 11 April 2006, Scottish & Newcastle plc (S&N) announced that it had agreed to acquire the Fosters brand in Europe, the Russian Federation and other countries in the Commonwealth of Independent States from Fosters Group Limited (the Acquisition), conditional only on regulatory clearance under Australias Foreign Acquisitions and Takeover Act 1975.
S&N has received confirmation from the Australian Treasurer that the Acquisition has been approved and announces that the Acquisition has completed.