Australia-based Foster’s attempts to divest its wine operations is expected to open the global brewer to possible takeover bids, according to news reports.
Sources close to the company have said that potential streamlining of the brewer through a sale or spin off of its wine brands, could lead to a scramble for its beer brands, The Financial Times reported.
The company is currently undergoing a review of its wine operations following some financial difficulties in the segment of late.
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