On Friday 19 June Kirin Holdings received the the all clear from Australia’s Foreign Investment Review Board (FIRB) for its acquisition of all remaining shares in brewer Lion Nathan.

Just-Drinks reported that the FIRB has “no objection” to Kirin buying up all shares in Lion Nathan that it does not already own said a Lion Nathan spokesperson on Friday.

The Japan-based Kirin Holdings is already a stakeholder in Lion Nathan and is looking to expand across Southeast Asia and the pacific. In April Kirin agreed to pay $11.50 (AUD) per share for the 54 percent of outstanding shares in Lion Nathan, representing a total price of $3.3 billion (AUD).  

Both brewers forecast that deal will be completed by October this year.