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Japan’s Kirin to buy remaining stake of skin care company Fancl for 210 billion yen: Nikkei

by Riah Marton
in Technology
Japan’s Kirin to buy remaining stake of skin care company Fancl for 210 billion yen: Nikkei
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KIRIN Holdings will launch a tender offer of about 210 billion yen (S$1.8 billion) to buy remaining shares of skin care products maker Fancl it does not already own, the Nikkei newspaper reported on Thursday (Jun 13).

Kirin currently holds a 33 per cent stake in Fancl shares and aims to complete the deal by the end of the year in a bid to diversify, amid a flat beer market, according to Nikkei.

Fancl is expected to support the takeover by Kirin and will be delisted when the acquisition is completed, the Nikkei report added. REUTERS

Tags: BillionBuyCareCompanyFanclJapansKirinNikkeiRemainingSkinStakeyen
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

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