Carlton & United Breweries (CUB), the Australian brewing division of Foster's Group Limited (Foster's) today announced it had completed the transaction to acquire Bulmer Australia Limited (BAL), a wholly owned subsidiary of UK based HP Bulmer.
The company announced on 19 December 2002 its intention to acquire BAL subject to two pre-conditions which have now been met. Those conditions involved HP Bulmer UK shareholder and Australian regulatory approval.
The total purchase consideration is $63 million.
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