Heineken N.V. announced on February 13 that it has signed an agreement with Kirin Holdings Company to acquire Brazil Kirin Holding S.A., one of Brazil’s largest beer and soft drink manufacturers. The transaction will transform Heineken’s operation into the country, increasing its presence and scale and strengthening its portfolio of brands. Upon completion of the transaction, Heineken will become the second largest beer company in Brazil, with a stronger trading platform that will enable profitable growth in this promising market. Completion of the acquisition is subject to the usual regulatory approvals and is scheduled for the first half of 2017.

Source: Embanews Magazine