Kirin Eyes San Miguel Brewery Stake

Japanese brewing giant Kirin is bidding to acquire a 43.25% stake in the Philippines' San Miguel Brewery (SMB) as it continues its efforts to diversify away from the stagnant Japanese beer industry. Reportedly worth PHP59bn (US$1.24bn), the acquisition would leave Kirin on course to achieve its KV2015 objective - the goal of generating 15% of revenues internationally by

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