Court Clears Way for Kirin Brazil Entry

Court Clears Way for Kirin Brazil Entry

Brazil Japan M&A

A Brazilian court has lifted an injunction blocking the sale of a majority stake in brewer Schincariol to Japan’s Kirin, says a lawyer on the deal. In a matter of days, the Japanese brewer should be able to assume control of the 50.45% stake purchased for BRL3.95bn ($2.25bn) in August from a holding company owned by the brothers Adriano and Alexandre Schincariol. Cousins Jose, Daniela and Gilberto Schincariol – owners of 49.55% – had pushed through the injunction, alleging negotia

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