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BRIEF-Kirin Holdings to lose license for Corona, Budweiser in Australia - Nikkei

Published 28/06/2016, 03:38 am
© Reuters.  BRIEF-Kirin Holdings to lose license for Corona, Budweiser in Australia - Nikkei
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June 27 (Reuters) -

* Kirin Holdings will stop selling Corona,other popular beer brands of Anheuser-Busch InBev in Australia - Nikkei

* Kirin Holdings will stop selling Corona in Australia due to Anheuser-Busch InBev's planned merger with Sabmiller (LON:SAB) - Nikkei

* Kirin Holdings said licensing contract for Australian unit Lion to sell AB InBev's 10 beer brands, including Budweiser, will end in September- Nikkei

* Kirin will lose nearly 50 billion yen in annual revenue starting in 2017- Nikkei

* AB InBev is expected to switch licensing to Foster's, Sabmiller's unit; Kirin will receive up to $221 mln for this change- Nikkei

Source text for Eikon: ID:nNen8d3Thr

(Bengaluru Newsroom: +1 646 223 8780)

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