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Sapporo Breweries to Buy Canadian Beer Maker

8, 14. 2006

Sapporo Holdings Ltd., the holding company of Sapporo Breweries Ltd., said it made a takeover bid for Canada’s 3rd largest beer maker Sleeman Breweries Ltd. for about 30.6 billion yen, it announced on Aug. 12. If the TOB is successful, Sleeman becomes Sapporo’s subsidiary. Sapporo plans to expand its business in North American Market by fully entering Canadian market.

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