Japan's Kirin exits Brazil market with $706m sale of unit to Heineken

Japan's Kirin exits Brazil market with $706m sale of unit to Heineken

Visual from company website.

Japan’s Kirin Holdings is selling its unprofitable Brazilian breweries unit to Heineken for 2.2 billion reais ($706 million), exiting Brazil’s beer market after losing share and seeing raw material costs rise due to a weak currency.

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