Japan’s Asahi to buy New Zealand’s Independent Liquor

Japan’s Asahi Group Holdings has decided to buy Independent Liquor of New Zealand for about 100 billion yen ($1.3 billion) as the beverage giant expands in Asia and Oceania, a report said Sunday.

Asahi, known for its popular "Super Dry" beer, will soon announce the deal, which will be its biggest acquisition, the Nikkei business daily said.

Japanese firms have sought to expand in foreign markets as domestic sales suffer from chronically slow consumption by the country’s shrinking and ageing population.

Read the rest of the story: Japan’s Asahi ‘to buy N.Zealand’s Independent Liquor’.

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