Foster’s: no further talks with private equity on wine unit

MELBOURNE (BestGrowthStock) – Australian brewer Foster’s (FGL.AX: ) has held no further discussions with the private equity suitor that made an up to $2.5 billion offer for its wine business in September, Chairman David Crawford told reporters on Tuesday.

Crawford added there have been no talks about the wine business with any other private equity firm.

To meet the company’s timetable to demerge the wine and beer units in the first half of next year, a shareholder vote is expected in March or April, Crawford said after the company’s annual general meeting.

(Reporting by Victoria Thieberger; editing by Balazs Koranyi)

Foster’s: no further talks with private equity on wine unit