Japan’s Kirin Selling Brazilian Unit To Heineken
Japanese brewer Kirin said Monday it would sell its Brazilian unit to Dutch beer giant Heineken for $706 million, citing a “stagnant and competitive” market. The company said it will transfer all shares of Brasil Kirin Holdings to Heineken subsidiary Bavaria SA for 2.2 billion reals. “Considering various risks associated with (the) Brazilian economy and … Read more