Foster’s Won’t Sell Wine Unit as Economy Weakens, Review Says

Feb. 16 (Bloomberg) -- Foster’s Group Ltd. may not sell it’s A$4 billion ($2.6 billion) wine unit because of the weak global economy, the Australian Financial Review reported, without citing anyone.

Foster’s may announce tomorrow it won’t separate the wine and beer units into separate businesses, the newspaper said. It won’t start major asset sales because of the weak economy and faltering financial markets, the Review said.