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Kirin gets FIRB approval for Lion Nathan takeover

  • June 19, 2009
  • Daniel Palmer

Japanese brewer Kirin Holdings has received the all clear from the Foreign Investment Review Board for their takeover of Australia’s second largest brewer - Lion Nathan.

The $3.5 billion takeover offer was accepted by the Lion Board last month but still requires approval from shareholders and the Australian Consumer and Competition Commission.

The ACCC is due to decide on July 1 whether or not Kirin’s expansion in Australia - they have purchased National Foods and Dairy Farmers in the past two years - can continue.

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