News
Kirin Pays $2.5 Billion to Acquire 50% Stake in Brazil Brewer Schincariol
Kirin Holdings Co.paid 3.95 billion reais ($2.5 billion) to gain a majority stake in the Brazilian maker of Nova Schin beer, adding Latin America’s biggest beer market to its global footprint. The purchase of the closely held maker of Devassa Bem Loura and Glacial is the biggest since 2009 for Kirin, which has spent more than $12 billion on overseas acquisitions in the past five years as Japan’s declining and aging population crimps domestic demand for beer and soft drinks. Kirin bought all of Australia’s second-largest beermaker in 2009 and owns almost half of the Philippines’ San Miguel Brewery Inc.
written on 03.08.2011 um 08:06.
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