Kirin Holdings merger falls through
By Noah Davis • Feb 8th, 2010 • Category: Beer News
On a day when we learned that the top four breweries in the world account for more than 50 percent of the market share comes the news that Japanese beermakers Kirin Holdings and Suntory SUNTH.UL are ending talks for a proposed merger.
The potential deal fell through because executives couldn’t agree upon how the resulting company — which would have rivaled Pepsi Co. in size — would be managed.
“We determined we would not be able to gain understanding from stakeholders for management independence and transparency of the merged company as a listed entity,” Kirin president Kazuyasu Kato said.
Sure.
As a result, Kirin will ramp up its overseas expansion plans.
