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
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