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KIRIN Holdings will launch a tender offer of about 210 billion yen (S$1.8 billion) to buy remaining shares of skin care products maker Fancl it does not already own, the Nikkei newspaper reported on Thursday (Jun 13).
Kirin currently holds a 33 per cent stake in Fancl shares and aims to complete the deal by the end of the year in a bid to diversify, amid a flat beer market, according to Nikkei.
Fancl is expected to support the takeover by Kirin and will be delisted when the acquisition is completed, the Nikkei report added. REUTERS
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