I became an honorary Gin Rectifier last night (May 9). I took an oath and now I am duty bound to promote the best interests of gin.
The move follows SAB Miller's acquisition of Foster's in December 2011, through which Foster's gained access to SAB Miller's portfolio in Australia, including Peroni Nastro Azzurro, Peroni Legerra, Miller Genuine Draft, Grolsch Premium Lager, Bluetongue and Pilsner Urquell.
According to SAB Miller, sales volumes of Corona Extra in the calendar year 2011 were approximately 600,000 hectolitres in a total Australian market of 18 million hectolitres.
SAB Miller said its expected financial returns from the acquisition of Foster's will remain "broadly unchanged" following this termination.