News

PHILIPPINES: Kirin Holdings begins San Miguel Brewery stake buy

Most popular

Should Campari Group be renamed Aperol Group?

Why water has become more important than wine

just-drinks speaks to A-B InBev CEO Carlos Brito

Stoli Group’s AC/DC Thunderstruck Tequila- Comment

MORE

Kirin Holdings has acquired a 19% stake in Philippines-based San Miguel Brewery for PHP26.2bn (US$547m), the Japanese brewer has said.

Kirin said yesterday (30 April) that it has bought up 19% of shares in San Miguel Brewery, from parent firm San Miguel Corp.

The move is the first step in Kirin's plan to take an eventual 48% stake in San Miguel Brewery.

Earlier this year, Kirin agreed to acquire an initial 43% stake in the brewer from San Miguel Corp for PHP59bn. It also launched a tender offer to acquire all shares in San Miguel Brewery not owned by San Miguel Corp, potentially increasing its stake to 48%.

"Completion of the transfer of all San Miguel Brewery shares Kirin intends to acquire is expected at the end of May 2009," Kirin said yesterday.

Separately this week, Kirin said that it has agreed to buy up all shares that it does not own in Australian brewer Lion Nathan, for A$3.3bn (US$2.36bn).

 


Related Content

Heineken buys 49% stake in Brixton Brewery

Heineken buys 49% stake in Brixton Brewery ...

Asahi asset tidy continues with Tsingtao Brewery Co stake poised for offload

Asahi asset tidy continues with Tsingtao Brewery Co stake poised for offload...

Mahou San Miguel, Spain's beer market leader – just the Facts

Mahou San Miguel, Spain's beer market leader – just the Facts...

M&A Watch - What's on the M&A cards for San Miguel Brewery?

M&A Watch - What's on the M&A cards for San Miguel Brewery?...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?