Japan's Kirin to sell Australian dairy unit to local peer Bega Cheese

Japan's Kirin to sell Australian dairy unit to local peer Bega Cheese

Cream cheese and tomatoes on bread.

Japanese brewer Kirin Holdings will sell its Australian beverage and dairy subsidiary to Australian dairy company Bega Cheese, Nikkei has learned.

The sale price is estimated at more than 40 billion yen ($385 million). The deal is expected to be announced soon.

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