News
Kirin Completes Buy Out of Brazil Beermaker Schincariol
Kirin Holdings Co. agreed to buy out shareholders in Brazilian beermaker Schincariol Participacoes e Representacoes, completing its biggest acquisition as it seeks growth in emerging markets. Japan’s largest brewer will pay 2.35 billion reais ($1.35 billion) for the 49.54 percent stake, giving it control of all outstanding shares, the company said today in a statement. The deal settles a dispute with shareholders who had challenged the Tokyo-based beermaker’s acquisition of half of Schincariol earlier this year.
written on 04.11.2011 um 18:07.
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