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Kirin CEO calls activist proposal to sell health business 'unacceptable'

UK-based FP asking brewer to concentrate on beer ahead of shareholder meeting

Yoshinori Isozaki, Kirin's president, speaks at a press conference on Tuesday. (Photo by Nana Shibata)

TOKYO -- Japanese beverage group Kirin Holdings' CEO insisted selling its health business would be unacceptable ahead of the company's annual general meeting, opposing an activist's call to refocus on its core beer business.

London-based Independent Franchise Partners (FP) is asking Kirin to sell its non-beer businesses in areas including health foods and medicine.

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