“We’re open to anything that would help maximise returns to shareholders.”

Better Beer chief executive Nick Cogger said he was “waiting to see what happens” with Mighty Craft’s restructure. Mr Cogger owns 18 per cent of Better Beer.

Mighty Craft said on Wednesday it would use about half of the proceeds of the sale of the South Australian businesses to pay down debt, with the rest to help keep the broader business running. Ms McNamara said the remainder of a $5 million loan from a…