Deals
Heineken in Discussions With Kirin to Double Down in Brazil
- Kirin nearing agreement to sell unit for $870 million: Nikkei
- Price would be less than a quarter of what it paid in 2011
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Heineken NV said it’s in talks with Kirin Holdings Co. over the Japanese brewer’s unprofitable Brazilian business in a possible deal that would create a stronger No. 2 behind dominant market leader Anheuser Busch-InBev NV.
Kirin is nearing an agreement to sell the maker of Schin beer to the Dutch company for about $870 million, the Nikkei newspaper reported Friday, a price that would be less than a quarter of the $3.9 billion it paid for the business in 2011. Tokyo-based Kirin confirmed the discussions, though declined to comment on the Nikkei report.