In 2011, Fosters made major losses that including a write down in the value of the wines division to A$1.8 billion that at the business' AGM in Melbourne on 29 April 2011, 99% of Fosters Group shareholders agreed to split Fosters Group business into two separate brewing and wines companies. The wines business became Treasury Wine Estates, and was listed on the ASX on 10 May 2011. In an ABC interview in late August 2011, the Carlton United Group (Fosters beer division) announced that they would be focusing more on craft beer to meet the change in taste of the Australian drinker.