Kirin Holdings, one of Japan's largest brewers, has entered into an agreement with San Miguel Corporation SMC to purchase 43.2% of its domestic beer business, San Miguel Brewery SMB. This is the second time in less than a month that a Japanese company is taking advantage of opportunities overseas to diversify away from its core domestic brewery business.
The total value of the stake is Ps58.93 billion $1.2 billion, comprising approximately 6.6 billion San Miguel Brewery shares at...