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Heineken buys Kirin's Brazilian breweries in 1b euro deal
Add BT as a preferred sourcePublished Tue, Feb 14, 2017 · 09:50 PM
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Tokyo
HEINEKEN NV, the world's second-largest brewer, agreed on Monday to buy the loss-making Brazilian breweries of Japan's Kirin Holdings Co Ltd, boosting its presence in the world's No 3 beer market.
The Dutch brewer will become the second largest beermaker in Brazil, with a share of about 19 per cent, behind market leader Anheuser Busch InBev SA. Including debt, Heineken said it would pay 1.025 billion euros (S$1.6 billion) for Brasil Kirin.
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