Australia’s second-largest brewer, Lion Nathan, and soft drinks group, Coca-Cola Amatil, are in merger talks to create an $11 billion company, the Australian Financial Review reported today.
Discussions have intensified in recent weeks with the involvement of both parent companies in the talks, the paper said without citing sources.
Lion Nathan is 46% owned by Japan’s Kirin Brewery Co and Coca-Cola Amatil is 30% owned by US-based The Coca-Cola Company.