Pursuits
Kirin Said to Offer Over 2 Billion Reais for Schincariol Stake
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Kirin Holdings Co., the Japanese brewer seeking control of Schincariol Participacoes e Representacoes, is offering at least 2 billion reais ($1.08 billion) to buy out minority investors in the Brazilian beer maker, said a person with knowledge of the process.
The plan is to offer minority shareholders a per-share price that’s close to what Kirin agreed to pay majority holders Adriano and Alexandre Schincariol, the sons of the founder, said the person, who declined to be identified as talks are private. Kirin agreed last month to pay 3.95 billion reais for Aleadri-Schinni Participacoes e Representacoes SA, which owns 50.45 percent of the brewer.