The creation of Six Pints is chump change in comparison to Molson Coors bigger plans. Now the company has found a partner and is making a joint play for Fosters. Share rise today lifted Fosters value to $9.5 billion!
More on this story here.
I thought this was interesting:
"Molson Coors, which has a joint venture in the United States with SABMiller, has a market capitalisation of $7.6-billion and dominates the Canadian beer market with a 40 per cent share. It is under pressure to expand through acquisitions, according to analysts who point to the $1.2-billion in cash on the company’s balance sheet."
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Molson Coors has bigger plans than Six Pints
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This is the kind of situation I think can only happen in beer. Molson Coors may be partnering up with Modelo to buy Fosters. In the US, Molson Coors has a partnership with SABMiller, which results in Miller Coors. Modelo is 50% owned by AB InBev. So technically, assuming this sale actually happens, it will involve directly or indirectly four of the top eight brewing companies in the world!
(The other four, FWIW, are Heineken, Carlsberg, China Resources Brewery and Tsingtao, according to Brauwelt International based on statistics published at the end of 2009. And just to take it all that much further, SABMiller has a stake in China Resouces.)
(The other four, FWIW, are Heineken, Carlsberg, China Resources Brewery and Tsingtao, according to Brauwelt International based on statistics published at the end of 2009. And just to take it all that much further, SABMiller has a stake in China Resouces.)
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