DB's Asian owner joins race for Independent

DB Breweries owner Singapore-listed Asia-Pacific Breweries has applied to New Zealand authorities for permission to look at acquiring privately held New Zealand alcoholic drinks maker Independent Liquor, the company said.

Separately, the Australian Financial Review newspaper reported today that Asia-Pacific's DB would tie-up with British drinks giant Diageo Plc in a bid for Independent.

Under the proposal, Diageo would take the Australian assets of Independent and DB would control the New Zealand assets, the paper said, citing no sources.

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