Heineken is building a seventh brewery in Brazil

Heineken is building a seventh brewery in Brazil

Heineken has declined to comment on a report it is on course to buy Kirin's Brazil operations.

Brazil Journal on Friday said the Dutch brewer is in the final stages of negotiations for Schincariol, the Brazillian brewery Kirin bought in 2011. The deal would almost double Heineken's 9% market share in Brazil, which is dominated by Anheuser-Busch InBev's AmBev, Brazil Journal said.

A Heineken spokesperson told just-drinks the report is speculation and that the company has no comment.

According to Heineken data from last year, the company was Brazil's third-biggest brewer behind AmBev and Schincariol. Its six breweries in the country produce 12.1m hectolitres a year, with distribution backed up by a partnership with Coca-Cola. Last November it unveiled plans to build a seventh brewery.

Brazil Journal, a financial blog written by the Wall Street Journal's former Brazil correspondent Geraldo Samor, said Grupo Petrópolis has overtaken Heineken and Schincariol to take second place in the Brazillian market.

Expert analysis

Beer in Brazil

Beer in Brazil

The overall beer category in Brazil registered a 3% fall in total volume sales in 2015, following a sales peak during the FIFA World Cup in 2014....read more