TOKYO -- Japan's Kirin Holdings will sell its Brazilian beer operations to Heineken of the Netherlands as soon as this year, leaving the huge market as the business loses its fizz to a stagnant economy.
The two breweries have largely agreed to an arrangement under which Heineken will pay around 100 billion yen ($870 million) for Brasil Kirin. Kirin is expected to take losses in the tens of billions of yen on the deal.
