Asahi to buy P&N’s juice business + Charlie’s
Japan’s Asahi Group has agreed to buy the mineral water and juice business of P&N Beverages for $188 million, and has bought New Zealand drinks maker Charlie’s Group (maker of Phoenix soft drinks). Asahi’s bid to buy all of P&N earlier this year was blocked by the ACCC. Asahi is Kirin’s main rival in Japan in the beer/beverages sector. The ACCC has approved the revised deal. [source]