Fosters has become the subject of takeover talk after analysts suggested European drinks giants SABMiller and Heineken were considering making rival bids for the Australian lager brand.

The speculation led to a rebound in the Fosters share price, which had taken a major hit over the summer after the company issued a profits warning in June.

The news comes after Deutsche Bank confirmed that it had acquired a stake of more than 5% in Fosters on behalf of a mystery investor.

Additionally, former Cadbury Schweppes executive Ian Johnston has been named as Fosters’ new chief executive following the resignation over the summer of previous figurehead Trevor O’Hoy.

Meanwhile, drinks giant Constellation – whose brands include Kumala and Hardys wine as well as Blackthorn cider – is preparing to hive off some of its Australian interests.

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