kirin-makes-move-on-lion-nathan

Kirin makes move on Lion Nathan

In pursuit of its policy of earnings-accretive growth, Kirin takes the first step towards a possible privatisation of the Australian alcoholic beverages company.

Kirin, Japan's largest diversified drinks conglomerate, announced on Thursday that it is interested in purchasing the part of Lion Nathan that it doesn't already own. Kirin currently holds 46.13% of Lion Nathan, the second-largest beer, wine and spirits company in Australasia. Lion Nathan confirmed Thursday that it has received an approach, and that it has set up a committee of directors independent of Kirin to consider the proposal. Lion Nathan's shares were then suspended ahead of a statement. A price has been put forward by Kirin, but has not been publicly released.

A Kirin press release states that trading will resume on Monday, April 27, if Lion Nathan decides not to respond to Kirin's...

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