AUSTRALIA'S FOSTER'S CONSIDERS BOLT-ON WINE ACQUISITIONS.

SYDNEY, Sept 2 Asia Pulse - Beer and wine giant Foster's Group Ltd (ASX:FGL) is at this stage examining about eight or nine bolt-on wine purchases, chief executive officer Ted Kunkel said today.

Speculation is growing Foster's is one of several parties looking at Moevenpick's wine distribution business.

The Moevenpick wine business - which includes a distribution arm which sells wine to restaurants and bars in Switzerland and Germany, a chain of wine bars and a string of retail outlets - is tipped to sell for between $A100-$A120 million ($US54.95-$US65.94 million).

"I think if I had a look around the world in total at what the strategy team are looking at in wine today, there's probably eight or nine bolt-on opportunities on the drawing board," Mr Kunkel told the Nine Network's Business Sunday program today.

"...clearly with the cash generative abilities of our group today, to be able to finance a $A100 million ($US54.95 million) bolt-on is actually quite easy through debt.

"Something that was seriously north of ...