20 Aug Japan deals Continue
The announcement of Asahi’s A$16billion acquisition of Carlton and United Breweries in Australia (subject to regulatory approvals) is yet another sign that the appetite for Japanese investment in Australia remains exceedingly strong.
Asahi’s acquisition is another big ticket deal coming hard on the heels of Nippon Paint’s acquisition of Dulux.
At the other end of the scale a number of smaller acquisitions are continuing to occur.
Tokio Marine Management
Tokio Marine Management Australia has acquired Accident and Health International Underwriting Pty Ltd, an Australian specialist accident, medical and corporate travel underwriting agency.
This follows on from April this year, when Tokio Marine Management Australia acquired the Bond and Credit Company(BCC) which operates in Sydney and Melbourne. BCC is a specialist product insurance underwriting agency.
Tokio Marine Management Australia is a wholly-owned subsidiary of Japan’s Tokio Marine & Nichido Fire Insurance Co., Limited.
Further information on Japan’s direct investment in Australia can be found here.