Kirin to take 30.3% stake in Fancl for $1.2 billion [Reuters]
KIRIN HLDGS CO LTD S/ADR (KNBWY)
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Source: Reuters
Kirin to take 30.3% stake in Fancl for $1.2 billion - Reuters 1 Min Read TOKYO (Reuters) - Japanese brewer Kirin Holdings Co Ltd ( 2503.T ) said on Tuesday it would take a 30.3% stake in cosmetics company Fancl Corp ( 4921.T ) for 129 billion yen ($1.21 billion) as it reduces its exposure to the shrinking domestic beer market. Kirin’s strategy contrasts with peer Asahi Group Holdings Ltd ( 2502.T ) that has snapped up overseas beer brands. ($1 = 106.5200 yen) Reporting by Sam Nussey; Editing by Himani Sarkar All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Kirin to take 30.3% stake in Fancl for $1.2 billion TOKYO (Reuters) - Japanese brewer Kirin Holdings Co Ltd ( 2503.T ) said on Tuesday it would take a 30.3% stake in cosmetics company Fancl Corp ( 4921.T ) for 129 billion yen ($1.21 billion) as it reduces its exposure to the shrinking domestic beer market. Kirin’s strategy contr
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