Brewing groups SABMiller and Asahi Breweries are looking at Foster’s Group’s beer operations, valued at more than $10 billion, but have not yet made any formal offers, sources said. Long-running interest in the Australian brewer’s beer business, know as Carlton & United Breweries, resurfaced on Monday after newspaper reports said SABMiller was considering buying Australia’s biggest brewer.

Foster’s said in May it would split the beer unit from its ailing wine business, putting its valuable beer operations with brands including Foster’s Lager, Victoria Bitter and Pure Blonde at the centre of takeover talk in the brewing world. Get the full story »