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News posted on Thursday, 21 July 2005
Foster’s - global leadership in premium wines?
On 26 May, Foster’s Group Limited announced it had reached a relevant interest in 91% of the shares of Southcorp Limited, clearing the way to commence compulsory acquisition of the remaining shares. The outcome of the merged companies is the creation of the opportunity to complete what the acquirer, Foster’s, expects to become "the world's leading premium wine company - and the only Australian consumer goods company to achieve global category leadership - as well as Australia's leading multi-beverage business." John Kennedy reports in Australian Wine Business, Australian & New Zealand Grapegrower & Winemaker.