Japan's Kirin say it may sell its Lion-Dairy and Drinks unit
TOKYO, Sept 11 (Reuters) - Japan's beer and beverage maker
Kirin Holdings Co Ltd said on Tuesday it has started a
strategic review of its Australian Lion-Dairy and Drinks unit,
looking at a possible sale among its options.
The unit, whose brands include PURA milk and Big M flavoured
milk, is part of Kirin's Australia-based subsidiary Lion Pty
Ltd, the maker of XXXX beer.
"It is appropriate at this point in time to consider the
best pathway forward to maximise its sustainable growth
potential for the future," Kirin said in a statement.
It also said options included retaining the unit and
investing in it and that no decision has been made yet.
Kirin has been reviewing its business portfolio, which spans
alcohol, beverages, food and drugs at home and overseas. Last
year, it sold its money-losing Brazilian beer business - bought
for $3.9 billion in 2011 - to Heineken <NV HEIN.AS> for $1.09
(Reporting by Taiga Uranaka and Chris Gallagher; Editing by
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