Kirin buys a 5.05 percent stake in San Miguel Brewery

The tender offer is in line with Kirin’s planned purchase of up to 49 percent of San Miguel Brewery shares, while San Miguel intends to keep a majority stake of at least 51 percent in the beer-making unit.

Already in February 2009, Kirin agreed to buy a 43.25 percent stake in San Miguel Brewery from San Miguel Corp.