Japan's Kirin Targets Australia's Lion Nathan

Kirin, Japan's largest diversified drinks conglomerate, announced on Thursday that it is interested in purchasing the part of Lion Nathan that it doesn't already own. Kirin currently holds 46.13% of Lion Nathan, the second-largest beer, wine and spirits company in Australasia. Lion Nathan confirmed Thursday that it has received an approach, and that it has set up a committee of directors independent of Kirin to consider the proposal. Lion Nathan's shares were then suspended ahead of a statement. A price has been put forward by Kirin, but has not been publicly released.

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