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.