November 7/Kyoto, Japan/Press Release -- Kirin Holdings Company Limited has signed and completed a stock purchase agreement on November 4 to acquire all outstanding quotas of Jadangil Participações e Representações Ltda., a company that holds 49.54% of the outstanding shares of Schincariol Participações e Representações S.A. Schincariol is the controlling shareholder of the Schincariol group of companies, a Brazilian beer and soft drinks producer.

As disclosed on August 2,  Kirin acquired 50.45% of the outstanding shares of Schincariol through Aleadri-Schinni Participações e Representações S.A., and as a result of the latest transaction, Kirin now owns all the outstanding shares in Schincariol. This additional acquisition will not only enhance Kirin's governance over Schincariol as a wholly owned subsidiary but will also help Kirin further increase the competitiveness of Schincariol in the fast-growing Brazilian market and generate synergies with Kirin, through which Kirin seeks to accelerate growth, per a company release.

In addition, all parties to the precautionary measure and lawsuit have executed a settlement agreement to dismiss the precautionary measure and lawsuit. The settlement agreement has been lodged with the First Civil State Court of the City of Itu, and the court is expected to ratify the settlement agreement by November 8.