TOKYO -- Kirin Holdings announced Friday that it will launch a tender offer for Fancl, turning the Japanese maker of skin care products and dietary supplements into a wholly owned subsidiary in a bid to diversify amid a flat beer market.
Business deals
Kirin to purchase Japanese skin care company Fancl for $1.3bn
Brewer to launch tender offer in bid to bolster supplements business
Kirin currently has a 33% stake in Fancl. © Kyodo
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