Kirin makes £1.5bn investment in Brazil
Date added: 2nd August, 2011 at 10:16
(view all articles from August, 2011)
Categories: Economy
Japanese beer company Kirin has made an investment in Brazil of 3.95 billion reais (£1.5 billion) to acquire local company Aleadri-Schinni in order to secure a majority stake in drinks producer Schincariol Group.
Through the buyout, the Asian firm has gained a 50.45 per cent share in the second largest brewer and third biggest non-alcoholic carbonated drinks manufacturer in the Latin American country.
Kirin described the nation's beer and soft drink market as "large and promising" adding it is "expected to maintain stable growth powered by Brazil's economic expansion due to continuous population and personal income growth".
This increase in wealth among the nation's people may also be a major attraction for individuals investing in Brazilian property.
Schincariol's performance has improved significantly over the last five years, with gross revenues climbing from 3.65 billion reais in 2006 to 5.67 billion reais in 2010.
Aleadri-Schinni had 1.03 billion reais of total assets and 3.05 billion reais in capital at the end of last year.
BG Group, Dow and Starwood Capital Group are among the many other foreign companies which have recently made an investment in Brazil.
Property Bond International Ltd was established in 2003 to help overseas buyers purchase Brazilian Property Investments. A free personal search service is also offered whereby clients specify exact requirements and properties are searched for. Property Bond also offer a consultancy service for clients or businesses wishing to enter into Brazil to make contact with product suppliers or purchase other investments, rent offices. - see www.brazilianassets.com
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