Australian Stocks to Watch Foster’s Group (FGL)

Fosters Group FGL ASXFoster’s Group (FGL) is a brewing and wine company with a global presence, and whose core operations include Carlton and United Breweries, Beringer Blass Wine Estates, and Fosters International.

Foster’s Australia is involved in the manufacture and sale of beer, spirits, ciders and other beverage products. The company also operates four major breweries across Australia.

On 22 December, FGL confirmed that current CEO, Ian Johnston, will leave his post once the separation of the company’s beer and wine businesses is complete.

The group also appointed the board members and CEOs of the two divisions, which are expected to be separated by the first half of calendar 2011.

As a result, FGL will be one of the stocks to watch in the early parts of next year.