Heineken will pay around 100 billion yen for Kirin's Brazilian beer operations
Japan's Kirin Holdings and Heineken of the Netherlands have largely agreed to an arrangement
The deal could happen as soon as this year.
Kirin began operations in Brazil, the world's third largest market for beer, in 2011, after acquiring Schincariol, a Brazilian brewery. However, the economic slowdown in the country in recent years has made competition among brewers stiff, Nikkei said.
Nikkei also stated that Kirin is expected to make losses under the Heineken deal in the tens of billions of yen.
Read more at source: CNBC
