News
Australia clears Kirin Holdings buyout of Lion Nathan
Japan’s Kirin Holdings has received clearance from Australia’s Foreign Investment Review Board for its $3.3bn buyout of the Lion Nathan beverages group.
A statement by Lion Nathan said the FIRB has “no objection” to Kirin buying all shares in Lion Nathan that it doesn’t already own.
Kirin, which is already a stakeholder in Lion Nathan and which is looking to expand across southeast Asia and Oceania, announced in April that it had agreed to pay A$11.50 per share for the 54% of outstanding shares in Lion Nathan, representing a total price of A$3.3bn.
Both brewers hope to have the deal completed by October this year.
Source: The Australian
See also
Latest news
| |