Kirin to Sell Australian Beverage Biz to China Dairy Firm

Economy

Tokyo, Nov. 25 (Jiji Press)--Japan's Kirin Holdings Co. <2503> will sell its Australian beverage business to China Mengniu Dairy Co., informed sources said Monday.

The sale price is expected to be around 50 billion yen, according to the sources.

Kirin plans to announce the deal on Monday morning.

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