Kirin completed the acquisition of 75% stake in FANCL for $1.4bn.

Kirin, a Japanese beer and beverage holding company, completed the acquisition of 75% stake in FANCL, a cosmetics and dietary supplements company, for $1.4bn. "We are confident that this will further leverage the strengths of both groups and provide new value to consumers in Japan and overseas. We will do our utmost to create synergies through our efforts and determination to enhance the value of FANCL's business, and together with Blackmores in Australia, we aim to become one of the largest health science companies in the Asia-Pacific region and achieve growth for the entire group," Takeshi Minakata, Kirin President and COO.